The International Monetary Fund (IMF) has warned that climate change poses risks to price and financial stability in Nigeria and other regional economies unless addressed. The IMF Resident Advisor, Vimal Thakoor, highlighted the importance of understanding these risks to formulate policies that promote financial stability, reduce inflation, and withstand climate shocks. Thakoor highlighted the need for access to financing to accelerate climate policy implementation in Nigeria and the region. The IMF advisor also highlighted the role of both the Ministry of Finance and the central bank in integrating climate policies into economic frameworks. The African Regional Technical Assistance Centre in West Africa (AFRITAC West 2) emphasized the need for a collaborative approach among countries to address climate change, given the anticipated increase in temperatures exceeding 1.5 degrees by 2027.
Index to Nigerian Newspapers
