Climate Headline Local News Nigeria

NSIA expands partnerships to combat climate change

The Managing Director of NSIA Aminu Umar-Sadiq, the Director General Dr Salisu Dahiru and other stakeholders at signing of the MOU to combat climate change

Photo: Radio Nigeria Archive

The Nigerian Sovereign Investment Authority (NSIA) and the Nigeria Council on Climate Change have signed an agreement to undertake projects to combat impact of climate change in the country.

At the signing in Abuja, the Managing Director of the NSIA Aminu Umar-Sadiq said the Memorandum of Understanding was in furtherance of its Environmental Social and Governance strategy to support climate change actions and Nigeria’s energy transition plan.

He said the agreement with the Council on Climate Change was one of the strategic ways of meeting its social impact goals and sustainability commitments.

Mr Umar-Sadiq said in the last six months, the NSIA had invested in several environmental projects including the carbon reduction and abatement projects and renewable energy expansion projects to which it has committed about $50m.

In his remark, the Director General of the Council on climate change, Dr Salisu Dahiru said the partnership with NSIA will begin with climate adaptation and mitigation strategies in the energy sector.

The event featured the presentation of the NSIA Impact report for 2021 which indicated that over five hundred thousand direct and indirect jobs were created through its investments, made significant progress on three high priority national projects covering over five hundred kilometers.

Other highlights include the support of over two hundred and thirty thousand farmers through various agri-projects and completion of the ten megawatts solar farm in Kano state and advancement in healthcare interventions.

Reporting by Biodun Dare; Editing by Oluwaseyi Ajibade