CJID, Heinrich Böll Stiftung hosts dialogue, report launch on climate finance in Nigeria

In an effort to create public awareness on climate finance issues and how Nigeria could mobilise more resources to mitigate and adapt to the devastating impacts of climate change, the Centre for Journalism Innovation and Development (CJID) is partnering with the Heinrich Böll Stiftung (HBS) to host a public dialogue and report launch on “Unlocking Climate Finance for Nigeria: Between Aspirations and Realities” on Thursday.

The centre, known for its practice of advocacy, capacity building, and investigative reporting using open data and civic technology, will be hosting the event with the German foundation (HBS) to spark constructive conversations on how Nigeria could raise more financial resources to tackle the impending climate change crisis, as the world is looking forward to the UN climate conference (COP27) in Egypt later this year.

The dialogue will also unveil a critical assessment report that highlights how Nigeria has fared in its management of existing climate finances raised through the two-consecutive historic green bond issued within the past six years.

Green bonds

In 2017 and 2019, Nigeria rolled out two “green bonds” worth N10.69 billion and N15 billion respectively, becoming the first African country and the fourth in the world to raise a debt instrument entirely for the purpose of financing environmentally sustainable projects.

The objective of the bond was to fund projects in support of Nigeria’s carbon…