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At COP28 Summit, Tinubu to Remind World Leaders of $100bn Pledge to Nigeria, Others

November 28, 2023
in Business
At COP28 Summit, Tinubu to Remind World Leaders of $100bn Pledge to Nigeria, Others
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President Bola Ahmed TinubuPresident Bola Ahmed Tinubu

FIRS

President Bola Tinubu will, on Wednesday, depart Abuja for Dubai, United Arab Emirates, to attend the COP28 Climate Summit, also known as the 28th United Nations Climate Change Conference, or Conference of the Parties of the UNFCCC (COP28).

His spokesman, Ajuri Ngelale, in a statement on Tuesday, said the World Leaders’ Summit will take place on December 1 and 2, 2023, under the theme, “Unite, Act, and Deliver,”

President Tinubu will deliver a national statement, highlighting Nigeria’s stance on various thematic issues, including renewable energy and climate financing.

“Mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, President Tinubu will maximise the opportunity afforded by the platform to advocate increased financial and technical support for developing nations, while reminding developed countries of their public pledge to provide $100 billion annually for support to localised initiatives to address climate change-related challenges,” the statement read in part.

The President’s message will also focus on holding businesses and institutions accountable, reflecting Nigeria’s dedication to sustainable and responsible practices.

The statement added that the Nigerian delegation to COP28 will actively explore the prospects of establishing new and deeper bilateral partnerships to implement Nigeria’s Energy Transition, Article 6 Projects, Internationally Transferred Mitigation Outcomes (ITMOs), Technology Transfer, Capacity Building and Methane Mitigation.

While in Dubai, President Tinubu will actively participate in key sideline events, which will further support the advancement of his avowed commitment to aggressively attract foreign direct investments for enhanced wealth creation and revenue expansion in the country, in addition to other events hosted by the Nigerian delegation.

The President, who will be accompanied by senior government officials, is expected to return to Abuja at the conclusion of the summit.

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Copyright for syndicated content belongs to the linked Source : EconomicConfidential – https://economicconfidential.com/2023/11/cop-summit-tinubu/

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