ActionAid and Euphrates Warn of Debt Impact on Nigeria's Climate

ActionAid Nigeria, led by Country Director Dr Andrew Mamedu, and the Euphrates Climate Foundation, headed by CEO Dr Nancy Seember Terhemba, have raised alarms about Nigeria's increasing debt repayments, which could undermine the country's ability to finance climate action. They highlighted that climate justice should focus on those affected by environmental degradation, particularly farmers, fishers, women, girls, and youth.

Their concerns follow the international report "Debt Fuels the Climate Crisis: How the Finance Flows," which reveals that climate-vulnerable nations spend nearly 25 times more on debt repayments than on climate initiatives, with 93.5% facing debt crises or risks. In Nigeria, debt repayments are projected to exceed half of government revenue in 2026, limiting resources for climate resilience and essential services.

The organizations urged the Federal Government to adopt a transparent public debt framework and ensure climate funds effectively reach affected communities, particularly women, young people, and persons with disabilities.