FGN Moves to Activate Climate Change Fund, Aligns Finance with Green Agenda

The Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, met with Dr. Nkiruka Madueke, Director-General of the Nigeria Climate Change Council (NCCC), to advance efforts to operationalize the country’s Climate Change Fund (CCF).

The meeting focused on aligning Nigeria’s economic planning with its climate commitments, including the push toward net-zero emissions and the delivery of third-generation Nationally Determined Contributions (NDCs). Dr. Madueke emphasised the urgency of unlocking the Climate Change Fund, which remains under-resourced, to finance critical climate initiatives and enable regulatory functions under the Climate Change Act.

She called for firm backing from the Ministry of Finance, noting expressions of interest from the NSIA, Bank of Industry, and Development Bank of Nigeria to manage the fund. Additional NCCC priorities include climate finance taxonomy, carbon market development, and mangrove conservation.

Minister Edun pledged support, noting the importance of integrating climate resilience into Nigeria’s development strategy. He encouraged the submission of a clear budget and project framework to fast-track collaboration and attract green investment.