Presidency unveils N’West climate fund, targets N20bn

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Nigeria's Presidency has unveiled the North West Climate Fund, a financing plan for the northwestern part of the country. The fund has a target of ₦20 billion over four years. That money is intended to support the region's response to flooding and drought. The announcement gives the presidency a dedicated mechanism for directing resources toward climate-related emergencies. It also puts recurring weather shocks among the federal spending priorities for the northwest. The announcement does not explain how the money will be divided among individual projects and participating states. It leaves the disbursement schedule open, and no figures are provided on how much of the target has already been committed.

The Presidency has unveiled the North West Climate Fund, targeting N20 billion over four years to finance the region’s response to flooding and drought. Read More: https://punchng.com/presidency-unveils-nwest-climate-fund-targets-n20bn/

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