As the world grapples with the impacts of climate change, Nigeria is taking bold steps to integrate climate resilience into its economic and financial policies.
At the 14th meeting of the Coalition of Finance Ministers for Climate Action, held on the sidelines of the 2025 World Bank Group/IMF Annual Meetings in Washington D.C, today, the Minister of State for Finance, Dr. Doris Uzoka-Anite, reaffirmed Nigeria’s commitment to driving sustainable development and climate action.
The Coalition, co-chaired by the finance ministers of the Netherlands and Uganda, brings together global leaders to drive climate action and support the goals of the Paris Agreement. In her opening remarks, Dr. Uzoka-Anite warmly welcomed Bhutan to the coalition and congratulated the incoming Co-Chair while also commending Mr. Eclco Heinen of the Netherlands and Hon. Henry Musasizi of Uganda for their exemplary leadership in steering the Coalition’s agenda.
The minister explained that Nigeria is advancing a comprehensive resilience finance strategy that integrates fiscal reforms to strengthen budgetary resilience, innovative instruments such as green bonds and carbon markets, as well as strategic partnerships to mobilise concessional and blended finance.
This approach, Uzoka-Anite said, “will enable the country to introduce debt vulnerabilities while channelling resources into projects that protect livelihoods and promote inclusive, climate-resilient growth.”
To achieve this, she stated, “Nigeria is scaling nature-based solutions that deliver both mitigation and adaptation benefits, with transparent use of proceeds for infrastructure such as irrigation, transport, and early warning systems.”
The minister informed that the country is also expanding its sovereign green bond programme with the successful issuance of the third green bond to finance both mitigation and adaptation priorities, and is now exploring international green bond issuance.
Uzoka-Anite stated further, “We are committed to integrating climate change into our economic and financial policies. Our resilience finance strategy is designed to promote inclusive, climate-resilient growth and protect the livelihoods of our citizens.”
She emphasised the need for “fair and predictable access to climate finance, stronger global collaboration to accelerate resilience investments, and enhanced support from development partners to blend concessional finance with private capital.”
As Nigeria continues to navigate the complexities of climate change, Uzoka-Anite reiterated the country’s commitment to the principles of the Coalition and the Baku to Belem Roadmap, saying, “We are ready to move from dialogue to delivery and from resilience to shared prosperity.”
As Nigeria charts its path towards a climate-resilient future, the country’s commitment to innovative finance and global collaboration will be crucial in driving sustainable development and protecting the lives of millions of its citizens.
