What Climate Change is not – FG

The Federal government has said that climate change is not just an environmental issue but a developmental issue, that has enormous economic and social consequences.

The Minister of State for Environment, Dr. Iziaq Adekunle Salako, disclosed this on Thursday at the Inter – Ministerial Committee on Climate Change Meeting and Green Bond Program in Abuja.

Salako stated that there is need to understand the magnitude of the economic, social and ecological challenges that confront us as a nation.

“The Green Bond issuance has become part of our climate experience. It is in this regard that we shall continue to draw strength and lessons from one another as we proceed in the nation’s low-carbon pathway through the Green Bond process,” he said.

He said  the third issuance is dependent on the collaboration of stakeholders doing the right thing especially as relate to developing the green bond budget.

Salako, however,  enjoined major stakeholders that efficiency of resource allocation and utilization to priority projects, especially  for Sovereign Green Bond Issuance are critical to the successful implementation of the third issuing of the  Green bond.

Earlier, in his welcome remarks, the Permanent Secretary, Federal Ministry of Environment, Mahmud Adam Kambari, said that the maiden and follow-up issuances of the Sovereign Green Bond to the tune of NGN25.69bn have funded projects across five (5) priority sectors of Environment, Energy, Agriculture, Transport and Water.