In order to achieve net-zero carbon emissions by 2060, Nigeria is not on track to meet the $10 billion annual target set by the Natural Resources Governance Institute (NRGI) and the BudgIT Foundation.
Nigeria is falling short of the $10 billion annual target for achieving net-zero carbon emissions by 2060, according to a report by the Natural Resources Governance Institute, NRGI, and BudgIT Foundation. The report urged the Federal Government to consider domestic revenue mobilization, international public finance, and leveraging just energy transition partnerships to bridge the funding gap. The Executive Secretary of Nigeria Extractive Industries Transparency Initiative, Dr. Orji Ogbonannaya Orji, emphasized the need for a guidebook on energy transition in Abuja, as the policy plan requires more contextual explanations. The guidebook will provide a guide informed by engagements with state and non-state actors, including government, private actors, communities, youth, and women groups, on the strengths and weaknesses of Nigeria's energy transition plans, energy access, and key development needs. The report also highlighted the death of renowned Nigerian storyteller Jimi Solanke, 723 schools closed in 9 states due to insecurity, and allegations of actor Jacob Elordi grabbing a reporter's throat during a prank.
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