Minister of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday said the country must align with global direction in financing for development by taking advantage of climate initiatives, which the world was prepared to fund.
Edun also pointed out that the federal government was actively engaging with the World Bank, IMF, AfDB, G20, and will take a strong voice to development partners in COP30 in Brazil to seek more support for the country.
He said the federal government was supporting ministries and state agencies to prepare investment-ready proposals, stating that key reason funds often remain untapped is lack of readiness.
He spoke at a panel session on “Unlocking Climate Finance for Sustainable Growth”, at the opening of the 31st Nigerian Economic Summit (NES#31), with the theme, “Building a Prosperous and Inclusive Nigeria by 2030,” in Abuja.
Country Director, World Bank Group, Mathew Verghis, said the government must bring down inflation to consolidate the gains of the bold economic reforms currently being undertaken.
However, stating that transparency remained critical, Edun disclosed that the government was currently reinforcing frameworks to track climate finance flows and record their impact.
