Climate Change: FG To Spend N60 Billion On Green Projects In 2024
In order to achieve the Net Zero target by 2060, President Bola Ahmed Tinubu’s led government has allocated the sum of N60 billion in the 2024 budget for projects aimed at reducing emissions.
The Minister of State for Environment, Dr Iziak Salako, disclosed on Wednesday that this funding will be obtained through the third issuance of the Sovereign Green Bond.
Speaking at the Inter-Ministerial Committee on Climate Change Meeting on the Green Bond Programme in Abuja yesterday, the minister emphasized the importance of the continuous and successful implementation of the Green Bond programme for Nigeria’s green capital projects, considering the significant implications of the country’s commitment to the Net-Zero goal by 2060, which was made in 2021.
Salako said: “Following the successful issuances of N25.69bn in the maiden and second issuances, we have agreed to an incremental year-to-year issuance from 2024 to 2027 starting with a larger sized issuance of N60 billion in 2024 for the implementation of green projects that can contribute significantly to the country’s low emission target.”
Meanwhile, the herders violating the anti-open grazing law in Benue State have been given a 14-day ultimatum by the Benue State Security Council to either stop rearing their animals outside ranches or face the consequences.
the declaration was made after a security council meeting chaired by Governor Hyacinth Alia.
During the meeting, it was unanimously agreed that herders must adhere to the state’s Open Grazing Prohibition and Ranches Law (2017), emphasizing that the law is still in effect.
During a press briefing at the Government House in Makurdi on Tuesday night, the Chief Press Secretary to the Governor, Sir Tersoo Kula, announced that a seven-man committee had been formed to ensure the enforcement of the ultimatum, which commenced on Wednesday, February 21st, 2024.
Furthermore, the council urged herders who recently brought their cattle to graze openly in the state to immediately leave and return to their place of origin. They also warned those who invited them to cease such actions immediately.
The Security Council has since called upon security agencies, traditional leaders, and the public to report individuals aiding armed herders in the state for legal action.
Furthermore, the council emphasized that the government is actively addressing the nationwide challenges of hardship and food insecurity, reassuring the people of Benue State to stay calm during this time.
Benue State, located in the north-central region of Nigeria, has been plagued by the ongoing conflict between herders and farmers for more than ten years.
