It is anticipated that the Nasarawa State Government will create the Climate Investment Platform, or CIP, with the goal of addressing the consequences of climate change and advancing renewable energy alternatives.
Ibrahim Abdullahi, Managing Director of the Nasarawa State Investment Development Agency, or NASIDA, stated during a stakeholders’ meeting in Lafia on Monday that the CIP will act as a central location for projects related to the state’s shift to cleaner energy sources.
Climate-smart construction, agriculture, and other green projects will be the initiative’s main focus.
According to Abdullahi, the platform would encourage companies in making climate-conscious investments and aid in the creation of policy documents and emission reduction action plans.
Nigeria’s first state to create a Climate Investment Platform is Nasarawa. He stated that the CIP is an essential part of a larger plan to establish Nasarawa as a top location for climate-smart investment.
The project would offer a science-based climate policy and action plan, as well as a finance approach to draw in both domestic and foreign investors, according to Sesan Adedapo of Murty International.
Additionally, it will provide businesses with technical support and capacity training to help them adopt energy-efficient technologies.
The purpose of the stakeholders’ engagement, according to project consultant Dr. Adnan Aminu, was to evaluate the needs, priorities, and difficulties for investment in important areas such waste management, industry, transportation, energy, and agriculture.
To ensure the project’s success, Aminu said, it is critical to identify local hurdles to climate financing, reform regulations, and get cooperation from stakeholders.