The much talked about Paris agreement on climate change have finally been signed by Nigeria’s President Muhammadu Buhari at the ongoing 71st UN General Assembly.
Addressing the opening of the meeting on Taking Climate Action for Sustainable Development in New York, co-hosted by Nigeria and the United Nations Environment Programme (UNEP) President Buhari said that signing the Agreement shows Nigeria’s commitment to a global effort to reverse the effects of the negative trend.
He said he was privileged to have been part of the Paris Agreement, and also expressed appreciation to what he called “the genuine efforts by President Francois Hollande of France in drawing global attention to reviving the Lake Chad Basin,” and for galvanizing the political will that led to the global consensus in reaching the Paris Agreement.
What Signing The Paris Agreement Means To Nigeria
By signing the Paris Agreement, Nigeria as a country is committed to reducing “Green House Gas Emissions unconditionally by 20 per cent and conditionally by 45 per cent” in line with Nigeria’s Nationally Determined Contributions. According to Buhari “I am confident that with support from development partners, Nigeria will meet the above targets”.
The Africa’s most populous country’s President admited that implementing the Roadmap will not be easy in the face of dwindling national revenues, however, both internal and external resources would be mobilized to meet Nigeria’s targets, adding that the 2017 Budget will reflect Nigeria’s efforts to accord priority to realizing its NDCs.
He also disclosed that Nigeria is set to launch her first ever Green Bonds in the first quarter of 2017 to fund a pipeline of projects all targeted at reducing emissions towards a greener economy.
He however famed the Niger Delta region, saying that it is a unique biodiversity-rich coastal environment that is highly prone to adverse environmental changes occasioned by climate change, such as sea level rise, coastal erosion, exacerbated by poverty and many decades of oil pollution leading to loss of livelihoods and ecosystems; in his words
“Through an integrated approach, implementation of the NDCs, and our efforts to clean up Ogoniland, we will improve livelihoods, protect the environment and take climate action, and ensure the implementation of the Sustainable Development Goals (SDGs).”