The Minister of State for Environment, Ibrahim Usman Jibril, has departed for Nairobi, Kenya to participate at the 10th Africa Carbon Forum on the invitation of the World Bank. The event will hold from the 11 – 13 April, 2018
The Minister will participate in a Ministerial high-level plenary session as a key speaker, on the theme of “Climate Finance as a catalyst for the promotion of integrated landscape management and rural development”.
This panel will also include Ministers from Ethiopia, Mozambique, and Namibia.
A statement signed by the minister’s aide, Esther Agbarakwe said the forum connects project developers with foreign investors, carbon market representatives and government representatives, engaging Africa in the global climate finance process.
The annual forum according to her is a “must‐attend” event, critical for keeping up with the latest on climate finance, carbon markets and mechanisms, saying it is one of the most important global events on climate financing and carbon markets and mechanisms.
“According to the organizers of the event, the Paris Agreement, along with all the financial pledges, investor’s guidelines, actions and initiatives announced during COP21, sets out a clear signal and framework for scaled up climate action, which now needs to be implemented,” she said.
Nigeria however, In December 2017, issued its first sovereign green bonds as part of it innovative ways of financing it NDC implementation. The debut NGN10.69bn green bond which is described as “pilot sovereign” is part of a NGN 150 billion green bond program by the Ministry of the Environment.
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