Nigeria: Ministry Plans Climate Change Trust Fund
A national funding entity, which aims to develop innovative ways to link international finance sources with national investment strategies, may soon be established in the country.
The entity to be known as National Strategic Climate Change Trust Fund (NSCCTF) will acts as a catalyst to attract investment and to implement a range of alternative financing mechanisms for climate change mitigation and adaptation programmes.
NSCCTF plans to receive non-refundable contributions from bilateral and multilateral donors as well as coordinate Nigeria's climate change financing through Bank of Industry, which is seeking accreditation to become a National Implementing Entity of the Adaption Fund.
Mark Fischer
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