Nigeria receives only 4% of needed climate finance annually - Report
submitted about 1 year ago by uzong
submitted about 1 year ago by uzong
- A recent report showed that Nigeria only receives 4% of the $17.7 billion it needs each year to tackle climate change impacts, with most of the funding coming in the form of loans, increasing the country's debt burden.
- The report emphasized the urgent need for more grants for climate action, improved tracking of climate budgets at the local level, and empowering local communities to enhance their climate resilience.
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