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    Nigeria to benefit from $800m global climate-biodiversity fund

    Opalim LiftedBy Opalim LiftedOctober 27, 2025No Comments2 Mins Read
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    Nigeria to benefit from $800m global climate-biodiversity fund
    President Bola Tinubu
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    Nigeria has been selected among 11 countries to benefit from the new Net-Zero Nature-Positive Accelerator Integrated Programme, a global initiative that aligns climate and biodiversity goals through innovation, capacity building and shared knowledge.

    The United Nations Environment Programme (UNEP) and the Global Environment Facility (GEF) launched the $800 million programme in partnership with the Development Bank of Latin America (CAF) and the Asian Development Bank (ADB). Other beneficiaries include Chile, Costa Rica, Côte d’Ivoire, Indonesia, Mauritius, Mexico, Morocco, Tanzania, Thailand, Trinidad and Tobago, and Vietnam.

    With $100 million in GEF funding and $700 million in co-financing, the initiative seeks to transform economies by integrating nature and climate goals, driving investment, and spurring coordinated action across governments, businesses and communities.

    The programme’s launch, held during the 2025 World Bank and IMF Annual Meetings, marks a pivotal step towards uniting global sustainability efforts. It aims to deepen collaboration under the upcoming GEF-9 cycle, expanding participation and impact.

    Country implementation will be supported by UNDP, UNIDO and the FAO, ensuring tailored national strategies that advance low-carbon and biodiversity-positive growth.

    • Average Nigerian wedding now costs N13m – report

    Dr Sam Mugume, Co-Chair of the Coalition of Finance Ministers for Climate Action, hailed the programme as “timely and transformative”, saying it would “mobilise finance, build capacity, and embed nature-based solutions into national plans”.

    Finance ministers from Nigeria, Indonesia, Mexico and Chile reaffirmed their commitment to integrate biodiversity into economic policy.

    GEF Chairperson Carlos Rodríguez described the initiative as a milestone in aligning finance with environmental goals, while UNEP Executive Director Inger Andersen stressed that “climate change and biodiversity loss are deeply interconnected and must be tackled together”.

    “This programme helps nations accelerate climate and nature action, build resilience, and create green jobs,” Andersen said. “Now is the time to act together for a net-zero, nature-positive future.”

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    Police arrest Sowore in Abuja

    Police warn Sowore against protests over Lagos demolitions

    October 27, 2025
    Air Peace launches direct Abuja–London flight

    Air Peace launches direct Abuja–London flight

    October 27, 2025
    SERAP urges NNPCL boss to explain missing N22.3bn, $49.7m

    SERAP urges NNPCL boss to explain missing N22.3bn, $49.7m

    October 27, 2025
    Building collapse kills one, injures seven in Jigawa

    Building collapse traps many in Lagos

    October 27, 2025
    Ned Nwoko says Anioma state, Kanu’s release crucial for South-East peace

    Ned Nwoko says Anioma state, Kanu’s release crucial for South-East peace

    October 27, 2025
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