Muhammadu Buhari has appealed to the international community to support Nigeria’s readiness to reduce the negative effects of climate change.
President Buhari told participants of the summit that Nigeria could not implement its Nationally Determined Contributions without adequate financial, technical and capacity building support from developed countries.
He added that “since the adoption of the Paris Agreement, we have been strengthening our national efforts toward implementing the accord and the Marrakech Call for Action.”
The President added that “Nigeria recognises that ensuring sustainable funding is a major constraint in efforts to implement the Nationally Determined Contributions.
“Critical mass of financial resources beyond what we can provide from our national resources will be required to effectively respond to climate change mitigation and adaptation challenges.”
He noted that “government is actively promoting technologies and practices such as sustainable land management, climate resilient agriculture, water efficiency, clean energy and skills for reducing greenhouse gas emissions, among others.’’
He said “in Nigeria, we are looking at insurance-based proposals to deal with loss, damage and adaptation to the poor, vulnerable and hard-to-reach groups.
“Risk mitigation through insurance must benefit those groups who currently have negligible access to any form of indemnity coverage.
“Vulnerable groups will also benefit from new technologies and ways to make insurance schemes affordable, including long term premium support.’’
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate