Group Applauds PMB’s Engagement In Global Climate Initiative

National, Uncategorized

President Muhammadu Buhari with Prince Charles at the 26th Climate Change Conference in Glasgow.

The All Progressives Congress, APC Legacy Awareness and Campaign, a voluntary think-tank group of the governing party, has applauded President Muhammadu Buhari’s role in the global climate initiative.

The group says policies are being implemented to achieve this through investment in renewable energy, massive afforestation campaign, elimination of gas flaring, clean cooking gas as a replacement for firewood, climate-smart agriculture, and so on.

In a statement, a founding member of the group, Mr. Ismaeel Ahmed, explains that the response of the Buhari-led administration to climate change immediately after assumption of office lifted Nigeria in 2017 to become the first African country and the third country in the world to issue a Sovereign Green Bond, worth N10.69 billion, and followed up in 2019 with a second Sovereign Green Bond, worth 15 billion naira.

He said the unwavering effort encouraged a public-private solution that brought together the Ministries of Finance and Environment, the Budget Office, the Debt Management Office, Development Finance Institutions, Capital Market Operators, and other stakeholders.

The APC Chieftain described as commendable, that this year, the world had unequivocally recognised President Buhari as a global climate action leader and champion, particularly his engagements and pronouncements at the Climate Change Conference (COP26) in Glasgow, Scotland.

According to Mr. Ahmed, the heartwarming testimonials from the American billionaire, Jeff Bezos, whose “Earth Fund” has set aside ten billion dollars to support projects tackling climate change, attested to this.

He said it was in the interest of the image of Nigeria that in the lead-up to the Conference, TIME Magazine acknowledged Nigeria’s place in the climate action movement with a feature of President Buhari on its cover for November 8/15, 2021.

Mr. Ahmed observed that the 2022 Federal Budget currently being considered by the National Assembly, was the first “climate-responsive” budget in the history of the country, which will complement other policies of the government in addressing climate change.

Written by Abubakar Bestu; editing by Abdullahi Lamino

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