Nigerian Government To Spend Big To Tackle Climate Change

The Minister of Environment, Mohammed Abdulahi, says the Federal Government is spending nine percent of the country’s Gross Domestic Product to address climate change in Nigeria.<br />Nigeria’s GDP was worth $440.78bn in 2021, according to official data from the World Bank. Nine percent of this figure is $39.67bn; hence, Nigeria may spend around this amount in tackling climate change, based on the disclosure of the Federal Government. <br />Abdulahi disclosed this while addressing African leaders during the inauguration of the African Carbon Market Initiative, a side event organized by Climate Action at the ongoing COP27 in Egypt.