The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, held a crucial meeting with Dr. Nkiruka Madueke, Director-General of the Nigeria Climate Change Council (NCCC), to further efforts in operationalizing the country’s Climate Change Fund (CCF).
The discussions centered on aligning Nigeria’s economic plans with its climate commitments, particularly the goals of achieving net-zero emissions and delivering third-generation Nationally Determined Contributions (NDCs). Dr. Madueke stressed the urgent need to unlock the under-resourced Climate Change Fund to support essential climate actions and enable the regulatory functions set out in the Climate Change Act.
She highlighted interest from key institutions like the NSIA, Bank of Industry, and the Development Bank of Nigeria to manage the fund and urged the Ministry of Finance’s continued backing. Other NCCC priorities include developing climate finance taxonomy, advancing the carbon market, and promoting mangrove conservation.
Minister Edun expressed his support, underscoring the importance of integrating climate resilience into Nigeria’s development strategy. He also encouraged the submission of a detailed budget and project framework to expedite collaboration and attract green investment.