COP28: House committee targets $1bn funding commitment

The Deputy Chairman, House Committee on Environment, Hon. Terseer Ugbor, has revealed that the House Committee target at the forthcoming 28 Conference of Parties (COP28) in Dubai is to get $1 billion funding commitment for Nigeria.

Just as Nigeria will be seeking the activation of the $100 billion loss and damage funding and championing enhanced and equitable climate action and finance distribution at the COP 28.

Ugbor revealed this at the One-day National Stakeholders Pre-COP28 Workshop organised by Oxfam Nigeria in conjunction with the National Council on Climate Change (NCCC) in Abuja

Addressing the delegates, Ugbor assured promised that the House Committee is proposing the conversion of the Council into a commission for proper funding.

He said Nigeria target at the COP28 would be to secure sustainable funding mechanisms to support climate adaptation initiatives and ensure their successful implementation.

While also enhancing the capacity and technical skills of stakeholders involved in climate adaptation to effectively address climate challenges.

Also speaking the NCCC Director General, Dr. Dahiru Salisu, said the workshop is apt as Nigeria need to present a common front at the conference and strive to ensure that it secure funding from partner.

“This is an even before the conference and I want to use this opportunity to highlight the fact that, Nigeria is among the ten countries worst hit by climate change.

“At the negotiation table, Nigeria has number of issues that are very dare to our economy and to our journey to climate resilient. This include and not limited to the implementation of the Energy Transition Plan and getting additional funding based on the promises that were made as far back as 2009 on the $100 billion dollars that partners pledge to support climate adaptation for developing countries.

“Another objective will be to operationalize the loss and damage fund and ramping up funding for adaptation,” he said.