Particular Presidential Envoy on Local weather Motion, Chief Ajuri Ngelale, says he’s exploring new collaborations to speed up the nation’s drive for blue hydrogen funding and improvement.
He mentioned in an announcement, on Thursday, that he held insightful dialogue with Mr Joseph McMonigle, Secretary-Basic of Worldwide Vitality Discussion board (IEF), Riyadh, Saudi Arabia.
He mentioned he additionally met with Mr Tony Okpanachi, the MD/CEO of the Growth Financial institution of Nigeria (DBN) and his crew, and congratulated them on changing into the primary Nigerian monetary establishment to be accredited by the Inexperienced Local weather Fund (GCF).
He mentioned this opened a brand new vista of local weather financing for necessary initiatives nationwide.
“Moreover, we mentioned the best way to companion in advancing the precedence areas of President Bola Tinubu’s administration inside our inexperienced industrial progress acceleration programme,” mentioned the envoy.
Ngelale mentioned he additionally held a 90-minute dialogue with lead local weather negotiators representing 119 different international locations in a United Nations Framework Conference on Local weather Change (UNFCCC) digital assembly on the simply transition.
“I additionally hosted the Nation Director of the French Growth Company (AFD), Mr Xavier Muron and his crew, alongside the Nationwide Council on Local weather Change (NCCC) management.
“We deliberated on the assorted pathways to economically profit decarbonisation within the context of maximising our pure sources to fund the vitality transition.
“There are lots of thrilling financial alternatives that can end result from this deepening partnership,” he mentioned.
Equally, Ngelale on Thursday engaged just about with a crew from the Canada-based Alberta Carbon Market Collaboration.
He mentioned he exchanged views with the NCCC management on Nigeria’s worth chain localisation agenda and the evolution of a carbon market ecosystem that favors the Nigerian financial system and citizenry above all else.
“Following this on Thursday night, I held a high-level digital dialogue with leaders from the NDC Partnerships Group.
“We adopted up on Nigeria’s replace to the NDC framework, and deliberated fruitfully on changing the aspirational NDC framework right into a business-tailored, project-driven plan that particulars in specificity the bankability of important initiatives throughout the nation,” mentioned Ngelale. (NAN)
