Nigeria Pushes for Climate Finance Overhaul, Urges Developed Nations to Honour $100bn Commitment
Story: written by Daniel October 16,2025
The Federal Government has renewed its call for developed countries to fulfil their long-standing $100 billion annual climate finance pledge and support deeper reforms to make global climate funding more equitable and accessible to developing nations.
Nigeria made this appeal on Tuesday during the 19th Ministerial Meeting of the Coordinating Bureau of the Non-Aligned Movement (NAM) in Kampala, Uganda. Speaking on behalf of the country, Dunoma Umar Ahmed, Permanent Secretary of the Ministry of Foreign Affairs, urged member states to strengthen unity in confronting global challenges such as climate change, inequality, and debt crises.
Ahmed reaffirmed Nigeria’s dedication to the principles of justice, solidarity, and peace, commending Uganda’s President Yoweri Museveni for his leadership within the movement.
“The world today is facing multiple, interconnected crises — from climate disasters and terrorism to pandemics and growing inequality. No single nation can bear these burdens alone,” Ahmed said. “We must strengthen solidarity and cooperation to achieve sustainable development, which remains the surest path to global peace and prosperity.”
He stressed that while developing nations are showing leadership in climate action despite limited resources, developed countries must meet and expand their commitments — scaling climate finance to at least $1 trillion annually to achieve global sustainability goals.
Highlighting Nigeria’s domestic efforts to attract green investments, Ahmed mentioned initiatives such as the National Credit Guarantee Company and cross-ministerial collaborations aimed at integrating “green guarantees” to de-risk and mobilise private sector capital.
According to him, these instruments could generate up to six times more funding for sustainable projects compared to traditional financing tools. He praised the Green Guarantee Group (GGG) for promoting innovative climate solutions but called for greater backing from international financial institutions to reduce the cost of green capital.
Beyond climate concerns, Ahmed reaffirmed Nigeria’s support for the Palestinian cause, describing it as central to the identity and mission of the Non-Aligned Movement. “Nigeria condemns the continued occupation and human rights violations against the Palestinian people and stands firm in support of a two-state solution, based on the 1967 borders with East Jerusalem as the capital of Palestine,” he said.
He further called for urgent reforms of global multilateral institutions, arguing that the current system no longer reflects today’s realities or ensures fair representation.
Ahmed concluded by reaffirming Nigeria’s readiness to collaborate with other NAM member states to build a fairer, more peaceful, and inclusive world.
