The Federal Government has launched the Nigerian Climate Investment Platform (NCIP), a major initiative aimed at mobilizing up to $500 million in climate finance to support infrastructure, resilience, and adaptation projects across the country.
The platform was announced following a high-level meeting on Tuesday in Abuja between the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and a delegation comprising officials from the Nigeria Sovereign Investment Authority (NSIA), the National Council on Climate Change (NCCC), and the Green Climate Fund (GCF).
This was disclosed in a statement issued by Spokesperson for the Ministry, Mohammed Manga, on Wednesday.
According to the statement, Edun expressed confidence in the NSIA’s capacity to lead the initiative, citing its credibility and proven track record.
He said: “If accreditation is the last hurdle, I’m confident they’re ready. The global economic environment demands that we leverage all opportunities, climate finance included, to drive growth, boost export competitiveness, and support sectors like agriculture, infrastructure, and digital innovation.”
