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Monthly Archives: July 2012

CDM: How Nigeria can rake in N86b yearly

Financial gains from the worrying climate change phenomenon are increasingly overshadowing the attendant ecological loss, thanks to the Clean Development Mechanism (CDM), which is transforming the environmental gloom into financial boom. A system put in place by the Kyoto Protocol to help countries meet binding greenhouse gas (GHG) emissions reduction targets, the CDM allows emission-reduction projects sponsored by developed nations in developing ...

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FG, UN, AAP go on stage with Climate of Change

In an apparent bid to demystify climate change and intensify awareness on its multifaceted impacts on the Nigerian society, the Federal Ministry of Environment, the Government of Japan and the United Nations Development Programme (UNDP) under the ongoing Africa Adaptation Programme (AAP) have thrown their support behind Theatre for Concerted Change’s premier staging of “Climate of Change” in Zaria, Abuja and ...

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Greening the Ekiti economy

 Straddled across two vegetation belts – the tropical rainforest in the South and the savannah in the North – Ekiti State in Nigeria is predominantly rural and agrarian. The authorities however regard this situation as a blessing as, according to them, “almost everything we do is geared towards sustainable development.” While the South is characterised by activities related to resuscitation ...

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Tackling Africa’s energy poverty sustainably

To address the persisting energy poverty on the African continent, national and community energy needs should be prioritised over global economic models. This formed part of a range of resolutions from a recent gathering of stakeholders, who urged civil society organisations (CSOs) to advocate for decentralised alternative energy with a focus on affordable and environment-friendly renewables. At the end of ...

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Insecurity challenge: Nigeria goes satellite

The National Space Research and Development Agency (NASRDA) of Nigeria will soon begin a series of trainings for the country’s security agencies on how to use simple satellite technologies to tackle some of the security challenges facing the country. This, according to the agency’s Director General, Dr. Seidu Mohammed, is in tandem with its vision “to uncover and exploit the ...

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Rio+20: Green Economy, SDGs, UNEP upgrade approved

Heads of State and more than 190 nations have given the green light to a Green Economy in the context of sustainable development and poverty eradication. This followed a range of outcomes that emerged at the close of the Rio+20 Summit that held recently in Brazil. Observers believe that, if the outcomes are embraced over the coming months and years, ...

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Drawbacks to climate communication, by study

By Michael Simire Dearth of experts with in-depth knowledge of the climate change phenomenon, reluctance on the part of media managements to take the bill for trips that will enable reporters come up with quality reports as well as lack of access to comprehensive data and research journals on the topic have been identified by a study as challenges to ...

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Legislative response to global water pressure

Growing pressures on water resources worldwide are forcing nations to take remarkable steps to address the increasingly dire situation. Rising populations, swelling urban centres and the mounting threat of climate change have in recent decades ensured limited access to water for drinking and agriculture, as well as portending a risk to human health. According to a recent United Nations report, ...

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Nigeria, others lose $5.5b annually to poor sanitation

Nigeria and 17 other African countries lose around US$5.5 billion every year due to poor sanitation, with annual economic losses between 1 percent and 2.5 percent of GDP, says a report prepared by the World Bank’s Water and Sanitation Program (WSP). Apart from Nigeria, the study covered Benin, Burkina Faso, Chad, Central African Republic, Democratic Republic of Congo, Ghana, Kenya, ...

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Pison, Zenith Bank in $9m mortgage finance deal

Lagos-based real estate financial advisory firm, Pison Housing Company (PHC), has disclosed that it is acting as mortgage loan originator and professional strategic development advisor to originate mortgages worth $9 million (about N1.35 billion). According to the outfit, the mortgages will be disbursed by Zenith Bank Plc. in partnership with an unnamed international development finance institution. Akin Arogundade of PHC ...

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