In an exclusive OP-ED for CNN, President Bola Tinubu underscores the critical need for African nations, including Nigeria, to forge partnerships in the pursuit of a new green economy. Reflecting on his participation in the COP28 World Climate Action Summit in Dubai, Tinubu emphasizes that tackling climate change’s multifaceted challenges requires a united front.<\/p>\n
Despite facing hurdles such as the COVID-19 pandemic, economic reforms, and foreign exchange rate unification, President Tinubu asserts Nigeria’s unwavering commitment to building a cleaner, resilient economy. He proudly announces the launch of the Nigerian Carbon Market Initiative at COP28, joining the African Carbon Market Initiative to fulfill the nation’s commitment to a cleaner world.<\/p>\n
Addressing the inequities in the global economic landscape, Tinubu advocates for a fair and cooperative approach, highlighting that developing nations bear the brunt of climate change impacts despite contributing minimally to the problem. Nigeria’s president reveals the nation’s bold steps, including enacting the Climate Change Act and pledging to achieve net-zero emissions between 2050 and 2070.<\/p>\n
President Tinubu sheds light on Nigeria’s proactive measures, from mobilizing youth to plant trees to harnessing wind and solar resources. Acknowledging the challenges of transitioning from fossil fuels, he discloses Nigeria’s commitment to developing blue and green hydrogen capacity for international export and explores partnerships with global initiatives like the Climate Finance Leadership Initiative.<\/p>\n
In a forward-looking strategy, Tinubu discusses Nigeria’s engagement with the EU’s Global Gateway program and the U.S. Government’s Build Back Better World initiative to diversify the economy and compete with Russia in supplying energy to European markets. Urging developed nations to fulfill their commitments to the Loss and Damage Fund and the $100 billion annual climate financing pledge, Tinubu calls for decisive action, declaring, “It is time to seize the moment.”<\/p>\n","protected":false},"excerpt":{"rendered":"
In an exclusive OP-ED for CNN, President Bola Tinubu underscores the critical need for African nations, including Nigeria, to forge partnerships in the pursuit of a new green economy. Reflecting on his participation in the COP28 World Climate Action Summit in Dubai, Tinubu emphasizes that tackling climate change’s multifaceted challenges requires a united front. Despite […]<\/p>\n","protected":false},"author":14,"featured_media":10924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-10887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=10887"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10887\/revisions"}],"predecessor-version":[{"id":10928,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/10887\/revisions\/10928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/10924"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=10887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=10887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=10887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}