Overview
The Nigeria Climate Finance and Investment Summit is a pioneering event aimed at enabling concerted efforts towards mobilizing private investment for climate resilience and adaptation actions in Nigeria. In the face of escalating climate risks and the urgent need for sustainable development, this summit seeks to unite stakeholders from the public and private sectors, including financial institutions, multilateral development agencies, civil society organizations, academia, and founders to explore innovative solutions and forge impactful partnerships for a low carbon future in Nigeria.
CONTEXT
The climate crisis has heightened the urgency of increasing investment in low-carbon and climate-resilient development in developing countries. The gap in financing climate-related investments in these countries persists due to project- and country-related risks that prevent private investors from investing. Public financing alone cannot meet the scale of investment required; hence, engaging the private sector becomes imperative.
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Outcome
Drive private-led investment for climate-smart and adaptation actions in Nigeria.
Secure growth capital for SMEs providing innovative climate solutions.
Collect data on Nigeria's financial market preparedness for net-zero emissions financing.
Provide evidence of financing instruments available for climate resilience.
Influence policy and regulatory frameworks to support climate projects
Establish a climate finance club for linking demand and supply of climate finance in Nigeria.