Stakeholders don talk say Nigeria fit lose as much as 30 percent of im Gross Domestic Product, GDP, by 2050 if di country no take adequate climate action.
Dis position come as Climate Policy Initiative (CPI) estimate show one big gap wey show say Nigeria gather about $2.5 billion in climate money in 2021 and 2022, but di estimated yearly need na $29.7 billion.
Wen e dey give im welcome address at di Stanbic IBTC Holdings Sustainable Finance Summit 3.0, Chief Executive of Stanbic IBTC Holdings Plc, Chuma Nwokocha, talk say di summit wey dem start three years ago na to achieve di stakeholders' goals of shaping Nigeria sustainable finance ecosystem, and say since den sustainable finance don move from small margins to mainstream.
E add say sustainable finance na good business because e dey create long-term value for people, communities, businesses, and economy, saying: "Make we come up with Nigerian solutions, Nigerian innovations for di issue of sustainable financing".
E talk further: "For Nigeria, sustainable development and growth no fit separate. A just transition must not only reduce vulnerabilities, e must also improve life, create opportunities, expand economic participation, and unlock prosperity at scale".
Also Head of Faculty, Prof. Bongo Adi, wey represent Dean of Lagos Business School, Prof. Olayinka David-West, describe Nigeria $27.4 billion climate finance deficit as one big gap, saying say to finance a just transition require: "make we look well well at di whole ecosystem architecture so we go restructure am for di good of our people, our planet, and di profitability of di ecosystem because people, policy, and prosperity matter and capital connect all three".
For im own side, Senior Special Assistant to di President on Climate Finance, Ibrahim Shelleng, talk say sustainable finance no be peripheral environmental issue again.
E talk say: "Dem dey increasingly recognize am as instrument for economic diversification, infrastructure development, energy security, food security, industrial competitiveness, and job creation."
Shelleng point out say without adequate climate action, Nigeria fit lose as much as 30 percent of im GDP by 2050.
CLIMATE
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Climate money: Nigeria fit lose 30% GDP by 2050
Dis position come as Climate Policy Initiative (CPI) estimate show one big gap wey show say Nigeria gather about $2.5 billion in climate money in 2021 and 2022, but di estimated yearly need na $29.7 billion.

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