business

Nigeria Pursues $60M Climate Funding to Drive Clean Energy Shift

Published

2 months ago

July 7, 2025

Nigeria Pursues Over $60M in Climate Funding to Power Green Infrastructure and Clean Energy Projects

The Nigerian government has launched strategic discussions with global financial partners to secure more than $60 million in climate-related funding. The goal is to kickstart pilot green energy hubs—starting with a groundbreaking hybrid energy project at one of the country’s major airports. This initiative is designed to become a model for sustainable, affordable, and digitally optimized energy systems across vital public infrastructure nationwide.

Vice President Kashim Shettima announced the plan during the “Decarbonising Infrastructure in Nigeria” summit held at the Presidential Villa in Abuja. The event centered on unlocking financial pathways for climate action and supporting Nigeria’s broader development goals.

“Climate action isn’t optional—it’s an economic imperative,” Shettima said. He pointed out that over 75% of Nigeria’s greenhouse gas emissions come from sectors like power, transport, agriculture, and urban growth, which are critical to the country’s economy.

He cautioned that failing to act could threaten Nigeria’s development trajectory, especially as its population is expected to surpass 440 million by 2050—placing enormous stress on resources and the environment.

The proposed airport energy hub is part of a larger plan to integrate renewable power with digital monitoring tools, aimed at slashing emissions and enhancing efficiency in national infrastructure.

Shettima emphasized that reducing emissions across these core sectors directly benefits the economy. “We’re not just cutting carbon; we’re investing in prosperity,” he said.

The federal government is also rolling out several complementary programs, including:

A State Innovation Park to foster eco-focused technologies
Regional climate engagement clinics to ensure inclusive policy input
A green growth financing white paper to guide funding strategies

Urging Inclusive, Decentralized Climate Action

The Vice President called for a unified, community-centered approach to climate solutions. “Net-zero isn’t just a national goal—it must be driven from the grassroots. Every home, every state, every voice must be part of this journey,” he asserted.

He advocated for:

Harmonized environmental policies across all levels of government
Alternative financing tools like green bonds and climate resilience funds
Investment in climate-smart technologies and community-led innovation

Potential Impact Across Africa’s Green Economy

While the funding pursuit is centered on Nigeria, its ripple effects could influence Africa’s broader climate and entrepreneurship ecosystem. By championing sustainable infrastructure and inclusive financing, Nigeria is laying a foundation that other countries can adapt—particularly in supporting micro, small, and medium-sized enterprises (MSMEs) in green sectors like renewable energy, smart agriculture, and clean technology.

With this shift toward investment-backed environmental solutions, Nigeria is not only addressing its own sustainability goals but also offering a blueprint for resilient, low-carbon economic growth across the continent.

business

Discover Life-Changing Digital Products You Can Buy Today on Selar

Published

2 weeks ago

September 1, 2025

globa_admin

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business

We are Hiring: Social Media Growth Ambassadors (2 Positions)

Published

4 weeks ago

August 18, 2025

globa_admin

Remote | Part-Time or Flexible Hours

Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!

Role Overview:

We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.

Key Responsibilities:

Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
Share daily job updates, business news, and smart money tips from the website
Drive website traffic using content, trends, reels, and referral links
Respond to DMs/comments and convert viewers into website visitors
Provide weekly reports on reach, impressions, and traffic performance

What You’ll Need:

A strong presence on social media (min. 2,500 followers on at least one platform)
Great communication skills and social media creativity
Consistency and accountability
Passion for helping people grow their careers or income

What You’ll Get:

Monthly stipend + performance-based bonus
Opportunity to grow your personal brand with us
Free digital training + content materials
Certificate of Digital Advocacy (upon successful campaign)

How to Apply:

Send us a message with:

Your full name
Link to your active social media profiles
Short message on why you are the perfect fit
Screenshot of your past engaging post (if available)

Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025

business

NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

Published

2 months ago

July 25, 2025

globa_admin

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria

In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.

A Strategic Partnership for Economic Transformation

This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:

Export financing and access to global markets
Tailored financial products for SMEs
Capacity-building and training programs
Promotion of Made-in-Nigeria products internationally

The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.

Empowering SMEs for Global Competitiveness

Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).

“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.

Removing Barriers and Unlocking Opportunities

On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.

“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.

He also outlined key focus areas of the collaboration:

Providing export-oriented financing solutions
Offering expert training and advisory services
Simplifying export processes for MSMEs

🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda

This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).

About the Agencies

NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.

SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.