Nigeria loses $100bn to climate-change Impact – Report

Nigeria is estimated to have lost $100 billion due to the effect of climate change, a report by Agora Policy has shown.

Speaking on Wednesday in Abuja at the Policy Conversation on “Nigeria, Climate Change and the Green Economy,” Waziri Adio, Founder of Agora Policy, said that while Nigeria grapples with the mounting challenges of changing climatic conditions, urging that all hands should be on deck to chart a sustainable pathway for the country.

He explained that climate change was increasing hunger, poverty, disease burden, migration, conflict, and insecurity in Nigeria. He said it was also damaging infrastructure, changing Nigeria’s coastlines, fuelling desertification, producing water scarcity, facilitating erosion and resulting in the loss of revenue for states and the national government.

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“Therefore, it should be evident that climate change is not a marginal or peripheral issue that the government and the people of Nigeria can take lightly,” he said.

Shubham Chaudhuri, World Bank country director for Nigeria, in his goodwill message, said conversations on combating climate change must be taken seriously with frantic action needed to tackle it.