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Friday, September 23, 2016

JUST IN: Buhari signs very important agreement to favour his country




Spokesperson Femi Adesina has disclosed that President Muhammadu Buhari has signed the Paris Agreement on Climate Change and that he said his action is a demonstration of Nigeria’s commitment to a global effort to reverse the effects of the negative trend. Buhari said this while 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) as one of the side events of the 71st session of the United Nations General Assembly (UNGA71).
President Buhari at the 71st Session of the UN General Assembly

The president’s signing of the agreement committed Nigeria to reducing the ‘Green House Gas Emissions unconditionally by 20 per cent and conditionally by 45 per cent’ in line with Nigeria’s nationally determined contributions. Buhari described the signing as historic, and also expressed confidence that with support from development partners, Nigeria will meet the above targets.

He promised to ensure the ratification of the Paris Agreement before the 22nd conference of parties to the UN Framework Convention on Climate Change in Marrakesh, Morocco in November 2016. The president stressed that it was to demonstrate his personal dedication to the process of implementing the Agreement that he was hosting the side event on ‘Taking Climate Action Towards Sustainable Development’.

He noted “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. The statement from Adesina quoted the president as saying his country’s commitment to the Paris Agreement is articulated through its Nationally Determined Contributions (NDCs) that strive to build a climate resilient society across the diverse terrain of Nigeria.

“We have instituted an Inter-Ministerial Committee on Climate Change to govern implementation of my country’s NDCs, thereby ensuring a strong cross-sectoral approach, coherence and synergy for Climate Action,” Buhari said, admitting that implementing the roadmap will not be easy in the face of dwindling national revenues, but that both internal and external resources would be mobilized to meet Nigeria’s targets. He said the 2017 budget will reflect Nigeria’s efforts to accord priority to realizing its NDCs.

“In addition, we are set to launch our 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 said, while reminding industrialized nations “to play their role and deliver on their commitments on access to climate finance and technology transfer and help with capacity-building.

“Expectations are high for their leaders to deliver US$100 billion per year by 2020 in support of developing countries to take climate action, thus keeping the promise to billions of people.” Buhari thanked the presidents of Chad, Cameroon, Democratic Republic of Congo and Niger for attending the event and also called on the international community to “give special recognition to the plight of Lake Chad and support our effort to resuscitate the livelihoods of over 5 million people in the region.

“This will reinforce our efforts to reintegrate the thousands of Boko Haram victims and returning internally displaced persons (IDPs). “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).”






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