Buhari Returns From France

Related stories

Tinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit

By Abiola Olawale President Bola Ahmed Tinubu departed Saint Lucia...

2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour Party

By Abiola Olawale In a dramatic turn of events, Barrister...

FG Secures $100m for Lagos-Calabar Project from ECOWAS Bank

By Abiola Olawale The Nigerian government has reportedly secured a...

Ex- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UK

By Abiola Olawale The Metropolitan Police have formally charged former...

Edwin Cortes: Prefers Being A Small Puerto Rican Than Big American

By Owei Lakemfa To be a citizen of the United...

President Muhammadu Buhari has returned to Abuja after participating at the “One Planet” summit in Paris, France. He departed on Monday.

The president’s aircraft landed at the Nnamdi Azikiwe International Airport (NAIA), Abuja, at about 4:35 p.m. where he was received by senior government officials including his Chief of Staff, Alhaji Abba Kyari and the Minister of the Federal Capital Territory, Alhaji Musa Bello.

While in Paris, President Buhari appealed to the international community to support Nigeria’s commitment to reduce the negative effects of climate change.

Buhari told participants that Nigeria could not implement its Nationally Determined Contributions without adequate financial, technical and capacity building support from developed nations

He said Nigeria ratified the Paris Agreement in May 2017 but its Nationally Determined Contributions to reduce emission by 20 per cent by 2020 and 40 per cent by 2030 could not be attained alone.

According to him, the country is not under illusion of the challenges it is facing, having just come out of recession.

The summit with the theme “Climate Change Financing’’, was attended by over 60 heads of state and governments, as well as representatives of non-governmental and private organisations.

President Buhari signed the Paris Climate Agreement on the sidelines of the United Nations General Assembly (UNGA) in New York on September 22, 2016, and followed this up with the signing of the Instrument of Ratification at the State House, Abuja, on March 28, 2017. This ratification made Nigeria the 146th party to the Paris Agreement. The Agreement became binding on Nigeria with effect from June 15, 2017, one month after the submission of the Ratification Instrument to the United Nations on May 16, 2017.

Under the Agreement Nigeria has committed (the so-called ‘Intended Nationally Determined Contributions – INDCs) to reducing carbon emissions 20% unconditionally and 45% with international support, by 2030. To achieve this Nigeria requires billions of dollars in funding and investment for energy, transport and agriculture projects that would reduce carbon emissions and mitigate the effects of climate change (manifesting as desertification, flooding, erosion, erratic rainfall, etc).

Nigeria has prioritized five sectors for the implementation of its INDCs. Among these is Oil and Gas, under which Nigeria shall strive through a new National Gas Policy that will reduce flaring, and also promote the use of gas instead of wood products.

Nigeria also proposes to pursue climate-smart agriculture, though the country is paying greater attention to agriculture to diversify the economy.

Government also planned to reduce fossil fuel burning by shifting from road transport to rail and also promote the use of renewable energy via investment in solar and wind energy.

Government cannot singlehandedly fund the implementation of the INDC targets. An estimated 80% of the funding for climate action will need to come from the private sector.

This is why the Government of Nigeria is launching, this month, a Green Bond, to raise domestic financing for low-carbon infrastructure projects across the country.

The One Planet Summit was hosted by the President of France, Emmanuel Macron, and organised by the United Nations, the World Bank Group, the French Government and a coalition of NGOs/CSOs.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Tinubu Departs Saint Lucia, Heads to Brazil for BRICS Summit2027: Drama, Intrigues as Julius Abure Tells Otti to Quit Labour PartyFG Secures $100m for Lagos-Calabar Project from ECOWAS BankEx- Arsenal Star Thomas Partey Faces Rape, Sexual Assault Charges in UKEdwin Cortes: Prefers Being A Small Puerto Rican Than Big AmericanJune 12 And The International Pursuit of Justice For Abiola, By Femi FalanaBreaking Down the West’s $146 Billion 2024 Defence Technology InvestmentG7 vs. the World: GDP, Population, and Military StrengthUS drillers cut oil and gas rigs for 10th week in a row, Baker Hughes saysExclusive! Tinubu Tips Late Ajimobi's Wife, Florence, Others for Ambassadorial PostsTinubu Mourns, Pays Tribute to Legendary Super Eagles Goalkeeper Peter RufaiNatasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsHow Super Eagles Icon Peter Rufai passed Away at 61
X whatsapp