Nigeria's FG Targets $500M for Climate Investments

The Federal Government of Nigeria has committed to enhancing the country's weather forecasting and climate resilience systems, targeting $500 million in climate-related investments. Minister of Aviation and Aerospace Development, Festus Keyamo, announced this initiative at the 2026 Annual Meeting of the Alliance for Hydromet Development in Lagos.

The government has approved N83.2 billion for interventions aimed at mitigating flooding and other climate-related emergencies. Keyamo explained that these initiatives are part of efforts to improve Nigeria's capacity to anticipate weather-related disasters and support sustainable economic development.

The Nigerian Climate Investment Platform has been established to mobilize resources for climate-resilient infrastructure. Additionally, the Nigerian Social Investment Authority has been accredited to access the Green Climate Fund, enhancing the country's ability to secure international climate finance.

Keyamo also mentioned the approval of a national carbon market framework and the operationalization of a climate change fund, emphasizing the importance of sustained investment in weather and climate services.