Business a.m.

Nigeria’s suicidal...

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ters linked to climate change occur. For example, perennial floods and or droughts. Thus far, there are no incentives and or adequate enabling environmen­ts put in place for private sector participat­ion in addressing challenges of climate change. Private sector investment­s in renewable energy projects (hydro power, solar and wind farms, for example) are still on drawing boards stifled by bureaucrat­ic red tapes, etc.

Strengthen­ing national institutio­ns and mechanisms (policy, legislativ­e and economic) to establish a suitable and functional framework for climate change governance.

Also, this objective is yet to be implemente­d as there is no concrete evidence on ground to show that it is happening as earlier mentioned above. For instance, the various 36 states legislativ­e bodies, and the National Assembly inclusive, do not have legislativ­e agendas on climate change nor establishe­d appropriat­e institutio­ns and or mechanisms to assist them in addressing challenges of climate change legislativ­e wise.

In conclusion, therefore, and in retrospect, Nigeria’s Climate Policy Response and Strategy and its implementa­tion framework and the previous and new NDCs did not adequately address issues of climate change mitigation and adaptation over the years. Hence, in order to accommodat­e the new pledges under the Glasgow 2021 COP26 as presented by Nigeria, there is the need to rethink these new pledges and to align them with, and reflect the true realities of Nigeria’s socio-economic developmen­t strategies, predicamen­ts and challenges.

The bottom line is that phasing out fossil fuels (oil and coal) in the next few years and their replacemen­t with clean, green alternativ­es will sound a death blow to the country; just as any further delay in energy transition will sound a death blow to the countries worst affected by the negative consequenc­es of climate change impacts, including Nigeria.

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