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    Chronicle NG

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

    Opalim LiftedBy Opalim LiftedOctober 27, 2025No Comments2 Mins Read
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    Tinubu vows to tackle insecurity amid inflation, seeks global support
    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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    Boxes of KitKat chocolate bars loaded in a transport truck in Europe

    Over 400,000 KitKat chocolates bars stolen in Europe transit heist

    March 30, 2026
    Ondo NLC writes Aiyedatiwa, demands N256,950 minimum wage

    Aiyedatiwa fires all SSAs, SAs, to appoint 1000 new aides

    March 30, 2026
    Rabiu Musa Kwankwaso announcing defection from NNPP to ADC in Kano

    Kwankwaso joins ADC after dumping NNPP

    March 30, 2026
    AI facial recognition error jails US grandmother for five months

    AI facial recognition error jails US grandmother for five months

    March 30, 2026
    Pope Leo XIV warns rich-poor divide threatens global peace

    Pope Leo XIV warns rich-poor divide threatens global peace

    March 30, 2026
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