COP28: IsDB to assist Nigeria improve humanitarian intervention, reduce poverty

The Islamic Development Bank (IsDB) has pledged to help Nigeria scale up its response to the humanitarian crisis and its drive to reduce poverty index through the new Climate Change adaptation policy, “fair, inclusive, and just transition conceptual framework and action plan.”

Chairman and Group Chief Executive of the Bank, Dr. Muhammad Sulaiman Al Jasser, disclosed this on the sidelines of a high level panel meeting held with critical stakeholders of some developing Countries and development Partners at the Ongoing COP 28 Climate Change Conference in Dubai, United Arab Emirate.

The Chairman said the decision was part of efforts of the bank to align its objective with the “Paris Agreement.”

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Al-Jasser said climate change has exposed countries to disasters, poverty, insecurity, and humanitarian crises:

“We must quickly intervene to protect the population through social protection and scale up the social safety net. Nigeria needs the support of the Islamic Development Bank through its beautiful initiatives. The time to act is now,” he said.

He said the  framework, which is being launched at COP 28 signals their readiness to collaborate with all stakeholders, governments, private sector, civil society, and other development institutions  to harness the immense potential of the Paris Agreement for sustainable development.

Speaking, the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu said it’s time to move from words, commitments, and policy frameworks to actual action and implementation of the climate change adaptation plan.

She said Nigeria is committed to active partnerships that will translate into solutions for millions of Nigerians.