The UK-Nigeria Infrastructure Advisory Facility (UKNIAF) and Nigeria Governors’ Forum (NGF) have concluded plans for a Roundtable on State access to Climate Finance.
The roundtable will focus on Carbon Market Financing how to explore opportunities within carbon markets and how to develop projects that can attract investment, as well as Bankability Strategies for developing and originating projects that are attractive to climate finance investors.
Participants are also expected to understand the opportunities, realities, and challenges of issuing state-level Green bonds to finance or refinance projects.
The NGF Acting Director of Media & Public Affairs, Ahmed Halimah Salihu in a statement made available to Nigerian Tribune, confirmed the partnership.
She added that the workshop highlights the increasing interest in subnational access to climate finance, acknowledging that states are at the forefront of climate action.
“Supported by the NGF, this event represents a significant step toward enabling states to effectively attract climate finance for their development needs.”
The UK-Nigeria Infrastructure Advisory Facility (UKNIAF) was designed to support Nigeria in developing its infrastructure sectors, as well as provide technical expertise and capacity building to foster sustainable and inclusive economic growth.
The Nigeria Governors’ Forum (NGF) is a coalition of elected State Governors created to enhance collaboration among the executive Governors of Nigeria. It aims to promote inclusive governance and sustainable development.
According to her, “The UK-Nigeria Infrastructure Advisory Facility (UKNIAF) and the Nigeria Governors’ Forum (NGF)
are organizing a crucial workshop titled ‘Roundtable on State Access to Climate Finance.’
“This event aims to bolster the ability of State commissioners, Directors General, advisors, and officials to secure climate finance for their development needs.
“It is especially timely as Nigeria faces
significant challenges from climate change and the pressing need for sustainable financial solutions.
“States are on the front line of responding to climate change so this roundtable intends to help States explore how climate finance can be a tool to accomplish their development goals, and specifically how to work through political and financial viability of projects and initiatives to better approach sources of climate finance.
“It will also aim to share experiences between States and kick start inter-state collaboration, with the support of NGF.”
According to the Organisers of the workshop, the key objectives of the workshop: Sharing state-level experiences of integrating climate finance with current development and investment priorities.
“Insights from UKNIAF: Participants will gain valuable insights from UKNIAF’s extensive work on project development and strategies for accessing climate finance.
“Collaboration platform: The workshop aims to foster collaboration among states on issues of collective interest.
“Path to bankability: The event will provide a space for states to identify and discuss areas of work necessary to achieve bankability for climate-related projects.”
ALSO READ THESE TOP STORIES FROM TheWitness
