Business
RE: NIGERIA AT COP-28
RE: NIGERIA AT COP-28
The Federal Government has noted with interest the public conversation on the number of delegates from Nigeria attending the ongoing Climate Summit in Dubai, otherwise called COP-28, and the need to provide clarity in line with a standing pledge to conduct itself with transparency and accessibility regarding public information.
The Convention of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC) is the world’s pre-eminent Climate Change Conference, attended this year (COP-28) by more than 70,000 participants and delegates from over 100 countries. Nigeria’s representation is very much in line with our status as Africa’s leading Sovereign voice and player in climate action.
Parties to this Convention from Nigeria include government officials, representatives from the private sector, civil society, the voluntary sector, state governments, media, multilateral institutions, representatives of marginalised communities, and many others.
It is imperative to point out that the overall Nigerian delegation to COP-28 comprises Government-sponsored (Federal and State Governments) and non-government-sponsored participants (from Private Companies, NGOs, CSOs, Media, academia, etc).
The Federal Government-funded delegation is made up of a total of 422 persons, as follows:
1. National Council on Climate Change = 32
2. Federal Ministry of Environment = 34
3. All Ministries = 167
4. Presidency = 67
5. Office of the Vice President = 9
6. National Assembly = 40
7. Federal Parastatals/Agencies = 73
As the biggest economy and most populous country in Africa, with a substantial extractive economy and extensive vulnerability to climate change, Nigeria has a significant stake in climate action, and our active and robust participation at COP is therefore not unwarranted.
COP-28 presents an array of investment and partnership opportunities for the various sectors affected by climate change, and Nigeria is already benefiting from its ongoing participation, as demonstrated by the following:
Nigeria and Germany signed an accelerated performance agreement to expedite the implementation of the Presidential Power Initiative (PPI) to improve Nigeria’s electricity supply. The agreement was signed by Mr. Kenny Anuwe, the Managing Director and CEO of FGN Power Company, and Ms. Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa, at a ceremony witnessed by President Tinubu and Chancellor Scholz.
President Tinubu hosted a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and the Electric Buses Rollout Programme on the margins of the COP28 climate summit.
The President unveiled the Nigeria Carbon Market Activation Plan, co-chaired by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Dr. Dahiru Salisu.
The Electric Buses program is only the first step in a series of innovative, clean, modern, and sustainable initiatives across diverse sectors, all aimed at simultaneously addressing climate change-related challenges, reducing carbon footprint, modernizing infrastructure systems, and positioning Nigeria as an attractive destination for global investments.
Nigeria stands to benefit from the Loss and Damage Fund established during COP-27 in Egypt and formally operationalized at the opening plenary of COP-28 in Dubai. The Fund will provide substantial non-debt financing to support countries most affected by the impact of climate change. Hundreds of millions of dollars have already been pledged as contributions to the Fund.
The President also met the President of UAE to concretize engagements between the two countries. This is aside from the bilateral talks held with several countries and multilateral partners.
It should be highlighted that, over the years, Nigeria has firmly demonstrated its climate action credentials by being the first African country to launch its Energy Transition Plan, the first African country to issue a Sovereign Green Bond, and one of the first to pass national climate change legislation.
President Tinubu has been unequivocal in his position that Africa, which is battling problems of poverty and security and struggling to provide education and healthcare to her people, cannot be told to abandon its primary source of income, which is mostly from extractive industries, without the West providing the funding and investment in alternative and clean energy sources.
Since assuming office, President Tinubu has been a vocal champion for the African continent on the global stage, whether at the United Nations General Assembly (UNGA), the G20, or the ongoing COP-28. The President has been supported by an equally active and engaged Nigerian delegation at these various fora.
It is, therefore, essential to keep setting the records straight while assuring Nigerians that President Tinubu and other officials on the Federal government delegation are in Dubai for serious business, not a jamboree.
Mohammed Idris fnipr
Honourable Minister of Information and National Orientation
4th December 2023
Ooni of Ife endorsed the 7th edition of the Adron Games
On Sunday, October 20, 2024, top real estate firm, Adron Homes and Properties, led by its Chairman and CEO, Aare Adetola Emmanuelking, paid a courtesy visit to the Palace of His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi Ojaja II, CFR, in Ile-Ife. This visit was to seek the revered monarch’s endorsement for the upcoming ADRON GAMES 2024, scheduled to take place in November 2024 in Ibadan, Oyo State.
Following a week of celebratory activities for the Ooni’s milestone birthday, Aare Adetola, also known as Aare Akile Adimula Oodua, commended the Ooni for his unwavering support for real estate professionals in Nigeria. He emphasized Ooni’s significant contributions to sports development, highlighting its essential role in fostering community growth. During the visit, Aare Adetola presented a soccer ball to the Ooni, who showcased his skills with it. A framed official jersey was also gifted to symbolize the Ooni’s endorsement of the forthcoming Adron Games. This event aims to unite sports enthusiasts, real estate firms, and various stakeholders under one roof to participate in a range of indoor and outdoor competitions, with exciting prizes for winners in different categories.
The Ooni, through a signed letter, formally endorsed the Adron Games and expressed his intention to attend the event. He encouraged Adron Homes to continue its commitment to sports development, recognizing it as a vital unifying force for youth across the nation, transcending racial and regional divides. He also expressed gratitude to Aare Adetola and his team for their support during the Annual Olojo festival and for celebrating his birthday with generous gifts.
In his remarks, Aare Adetola highlighted that Adron Homes is honoured to collaborate with traditional rulers and contribute to the development of their communities. He extended best wishes to His Imperial Majesty for continued good health and prosperity, expressing hope for many more years of celebratory milestones. Aare was accompanied by several senior executives from Adron, including Adenike Ajobo (MD), Ihuoma (DGSM), Azuru, Emmanuel Oladapo (DAS), and several other key team members.
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