The Federal Government of Nigeria has unveiled the Nigerian Climate Investment Platform (NCIP), aimed at mobilizing up to $500 million in climate finance to fund infrastructure, resilience, and adaptation projects across the country.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced that the initiative is led by the Nigeria Sovereign Investment Authority (NSIA) in partnership with the National Council on Climate Change (NCCC) and the Green Climate Fund (GCF). This platform is designed to attract both international and domestic capital to drive sustainable economic growth, support sectors like agriculture, infrastructure, and digital innovation, and enhance Nigeria’s export competitiveness.
NSIA’s Managing Director, Aminu Umar-Sadiq, and NCCC’s Director-General, Dr. Nkiruka Maduekwe, emphasized the urgent need for Nigeria to improve access to international climate finance, noting that countries smaller than Nigeria have more accredited entities for climate funding.
The NCIP reflects Nigeria’s commitment to leveraging global climate finance opportunities for sustainable development and economic growth.
