The Minister of State for Environment, Ibrahim Usman Jibril, has said the issuance of the N10.69 billion Green Bond by the Federal Government of NigeriaÂ has clear linkages between the nationally determined contributions (NDCs) and Nigeriaâ€™s Economic Recovery and Growth Plan (ERGP).
NDCs reflectÂ Nigeria’s commitment to the Conference of the Parties (COPs) of the United Nations Framework Convention on Climate Change (UNFCCC) in reducing the impact of climate change.
The minister statedÂ this at the 10th Africa Carbon Forum (ACF) in Nairobi Kenyarecently,Â where he participated in the high levelÂ segment that discussed progress of individual nationâ€™s efforts to meet commitments in the Paris agreement.
Â The ACF is part of activities organised for the Africa Climate Week (ACW) between April 9-14, 2018.Â Jibril participated in two sessions,Â one organised byÂ UNFCCC for participating ministers to discuss progress on the NDCs and the second session organised by the World Bank where participants discussed climate finance and the steps to its application in achieving Article 2 of the Paris agreement in redirecting finance flows toward low greenhouse gas emission and climate resilient interventions.
Sharing theÂ ministryâ€™s experience in the issuance of the first sovereign green bond in Africa, Jubril said: Â â€The issuance of the N10.69 billionÂ green bond has demonstrated clear linkages between the NDCs and Nigeriaâ€™s ERGP). This is enabling us build partnerships across government, private sector and the development partners to ensure we make progress towards the achievement of the objectives of Article 2 & 6 of the Paris Agreement.â€
The theme of this yearâ€™sÂ ACW, according to a statementÂ was: â€œClimate Action for Sustainable Development: Driving Change in Africa.â€ The Minister was accompanied to theÂ event byÂ Â Senior Technical Assistant, Mallam Murtala Idrisou,Â AdviserÂ on Climate Finance, Mr. Obi Ugochuku.