Nigeria TV Info — Edun: Nigeria Must Align with Global Climate Finance Agenda to Drive Development

Abuja, Nigeria — The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has emphasized the need for Nigeria to align with the global direction in financing for development by leveraging international climate initiatives that the world is ready to fund.

Speaking on Monday at the opening session of the 31st Nigerian Economic Summit (NES#31) in Abuja, themed “Building a Prosperous and Inclusive Nigeria by 2030,” Edun said the federal government was deepening engagement with major global financial institutions — including the World Bank, IMF, African Development Bank (AfDB), and G20 — to mobilize more support for the country. He noted that Nigeria would also take a strong voice to COP30 in Brazil to advocate for increased access to climate finance.

According to him, the federal government is supporting ministries and state agencies in preparing investment-ready proposals, explaining that many funds often remain untapped due to a lack of readiness.

> “The world is prepared to fund climate initiatives, and Nigeria must be ready to take full advantage of that opportunity,” Edun stated.

During a panel session titled “Unlocking Climate Finance for Sustainable Growth,” Edun revealed that the government is strengthening frameworks to track climate finance flows and measure their impact. He also launched a new publication, “Guide to Accessing Climate Finance,” designed to educate stakeholders on how to access available global climate funding resources.

Also speaking at the event, World Bank Country Director, Mathew Verghis, commended the federal government’s ongoing economic reforms but stressed the need to curb inflation to consolidate the progress achieved so far.

Edun reaffirmed the government’s commitment to transparency, accountability, and coordination in managing climate-related funds, noting that effective use of such resources would contribute to sustainable and inclusive economic growth.