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Presidency, Bank of Industry, UK discuss Nigeria’s climate action strategies, financing

By Chesa Chesa 

Nigeria’s climate action strategies and financing options were again the kernel of discussions between the presidency on one hand and the Bank of Industry and development partners in United Kingdom and America, on the other hand. 

President Bola Tinubu’s Special Presidential Envoy on Climate Action, Chief Ajuri Ngelale, disclosed the highlights of the separate parleys to journalists on Wednesday night.

He also held critical talks with oil giant, Oando, as part of his efforts to explore new accession opportunities for climate finance and de-risking platforms to bolster renewable energy technology manufacturing growth in-country.

According to Ngelale: “On Wednesday, I welcomed the Executive Vice President of Oando Clean Energy, Mr. Demola Ogunbanjo, Member of U.S. President Joe Biden’s Advisory Council on African Relations, Ms. Mimi Alemayehou, and USAID Director for Economic Growth & Sustainability, Ms. Michelle Corzine, to discuss new accession opportunities for climate finance and de-risking platforms to bolster renewable energy technology manufacturing growth in-country.*

“Later, I hosted a virtual call with the Managing Director of the Bank of Industry, Dr. Supo Olusi and his team to discuss and profile existing climate finance partnerships and projects with a view to expanding existing partnerships while establishing new linkages for the growth of the localized green industry in Nigeria.*

“On Wednesday evening, I held a productive discussion with a technical team from the British High Commission led by its Climate Head, Mrs. Martine Sobey, concerning new opportunities for deepened collaboration across multiple spheres of climate action.*

“Later on Wednesday night, I compared notes with the Country Lead on NDC Partnerships, Mr. Huzi Mshelia, as we assessed current progress on adjustments being made and to ensure that nothing in the pipeline is delayed.”

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