The Director-General, Debt Management Office (DMO), Ms. Patience Oniha, says the Federal Government is planning to issue N10.6 billion green bonds to finance renewable energy projects to protect the environment.

Oniha said this in Abuja on Thursday, December 14, 2017 at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group.

She said that the forum was to educate prospective investors in the Green Bond programme to know the benefits of investing in green bond projects.

The director-general said the Federal Government acted to borrow the N10.6 billion, in line with its borrowing agenda contained in the 2017 budget.

According to her, more funds will be allocated to finance green bond projects in the subsequent budgets.

Oniha said that the bonds would be used to finance three renewable energy projects, which were Renewable Energy Micro-Utilities Programme, Re-energising Education Programme and Afforestation Programme.

Also speaking, Alhaja Halimat Bwari, the Deputy Director, Department of Climate Change, Federal Ministry of Environment, said that N142 billion would be required to finance renewable energy projects in the country.

Bwari said that the ministry decided to issue the Green Bond as alternative source of funding because of the huge capital outlay required to finance the nation’s renewable energy projects.

She noted that the bond would boost the nation’s economy and protect the environment. Besides, Bwari said that the ministry had inaugurated five low-carbon growth projects.

She listed the projects as the Rural Energy Access, the Great Green Wall Programme, the National Clean Stoves Scheme, the Clean Energy Transportation Scheme and the Nigerian Erosion and Watershed Management Project.

She said that the projects would go a long way to reduce carbon emissions in Nigeria, while facilitating the country’s efforts to meet its commitments in the Paris Agreement on Climate Change.

News Agency of Nigeria (NAN) reports that stakeholders that participated in the forum include Pension Funds Administrators (PFAs), Federal Ministry of Finance, Inter-ministerial Committee on Climate Change and Nigerian Stock Exchange (NSE).

Others are DMO, Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), the World Bank and Chapel Hill Denham as well as representatives of private sector organisations.

By Deji Abdulwahab

The Nigerian Conservation Foundation (NCF) has explained the reason behind its involvement of school children in its tree planting campaigns.

Ede Dafinone, Chairman, National Executive Council (NEC) of NCF, during the 28th Annual General Meeting (AGM) of NCF held at the Lekki Conservation Centre (LCC) on Wednesday, December 13, 2017 said: “We chose to involve school children in the tree planting exercises across the three states to inculcate in them, as leaders of tomorrow, a sense of care for the environment.”

As a further demonstration of NCF’s commitment to enhance Nigeria’s forest cover, the foundation, according to Dafinone, partnered with First Bank to carry out tree planting exercises in select schools in Lagos, Ogun and Edo states.

“This was part of the foundation’s efforts at stimulating and promoting local actions in response to the global call by the Food and Agriculture Organisation (FAO) that each country should strive to have 25 per cent of its total land area under forest cover.”

In his speech, the chairman also enumerated some of NCF’s projects.

According to him, NCF implemented a project in select communities of Boki Local Government Area, Cross River State, on Saving Biodiversity and Building Farmers’ Resilience on Climate Change Impacts Through Intensive Agriculture and Sustainable Livelihoods.

This was made possible by a grant provided by the Global Environment Facility/Small Grants Programme (GEF-SGP).

NCF, as the technical partner to the Nigeria LNG (NLNG) Limited on the management of the Finima Nature Park, Bonny Island, Rivers State, he said, conducted carbon stock assessment to determine the volume of carbon the forest is helping to sequester to promote NLNG’s carbon footprints reduction.

On how the foundation recorded success in those projects, he said: “We interacted with policy makers at all levels to influence enabling policies to govern sustainable management of Nigeria’s environmental resources. We organised outdoor programmes to raise the level of awareness on the state of Nigeria’s environment in collaboration with relevant organs of the government.

“As a membership-based organisation, we engaged our esteemed members by sharing reports and information on our activities and interventions as well as through regular involvement in our key programmes.”

Director-general of NCF, Adeniyi Karunwi, in his report, said the foundation collaborated more with the Federal Ministry of Environment and the National Park Service on environment issues.

“The foundation also strengthened its collaboration with partners and sponsors, translating to institutional strengthening,” he said, disclosing that the foundation’s membership figure marginally rose by over 15 per cent with more corporate organisations to drive programmes.

“The membership unit established the online registration platforms and made use of social media platforms to reach out to the public.

“A lot more still needs to be done to attract more members to register with NCF, with particular emphasis on children and youth population.”

Dafinone added: “We are convinced of the need to do more for nature, for our people and for Nigeria.

“But we equally realise that we cannot do it alone. I therefore seize this opportunity to call for your continued support and I assure you that we are determined not to rest on our accomplishments as we collectively address the environmental challenges that confront us and our nation.”

Stakeholders have proposed practicable solutions of preventing further occurrence of floods in the country.

These solutions were proposed during the National Strategic Stakeholders Discussion on Flood Prevention and Management, organised by the Environment and Safety Management Institute (ESMI) in collaboration with Women Environmental Programme (WEP), in Abuja on Tuesday, December 12, 2017.

The Strategic Stakeholders Discussion brought together relevant stakeholders from ministries and agencies of government at the federal and state levels, academic and research institutions, private sector, civil society and the media.

Declaring the event open, the Senior Special Assistant to the Benue State Governor on Emergency Matters, Princess Henrietta Akaaka, expressed her hopefulness for “a useful outcome that will effectively prevent further damaging effects of flood on our economy,” as she charged stakeholders to come out with practical ways of preventing the flood menace. She recalled the flood incidents that hit several states of the federation so hard on two different occasions in 2012 and early 2017, and stated that the National Strategic Stakeholders Discussion on Flood Prevention and Management was timely.

According to Hon. Henrietta, “Benue was one of the states severely hit by flood this year where over 110,000 people were displaced in 24 communities in the state, and over 1,000 households submerged.”

Speaking earlier, the Director General, ESMI, Benedict Utile, who was represented by Professor Peter Ortese, and the Executive Director, WEP, Dr. Priscilla Achakpa, in their separate messages noted the damaging effects of flood on agriculture and other sectors of the country’s economy, and its impacts on vulnerable populations like women and children, and called on all concerned stakeholders to act in order to prevent a repeat of the ugly incidents of flood in the country.

Three Discussants laid the background for deliberations to begin. The keynote speaker, Professor Nasiru Idris, Head of Geography Department, Nasarawa State University in Keffi, who was represented by Dr. Ahmad Halilu Abba, Deputy Dean of Faculty of Environmental Sciences, Nasarawa State University, spoke on “Practical ways of handling flood disaster in Nigeria.”

Mr. Mage Johnson of Benue State University Makurdi spoke on “Nigeria flood menace in a warming climate; a workable solution,” while Mrs. Comfort Kanshio of WEP spoke on the “vulnerabilities imposed on women by flood.”

The discussants highlighted the causes of flood, its impacts and strategies of preventing or managing flood disaster.

After intense deliberations, stakeholders resolved as follows:

• That the country should develop a holistic flood prevention and management plan with timelines, with different government institutions, private sector and the civil society working together.
• States should identify flood-prone areas and come up with costed action plans to relocate and resettle the populations living in vulnerable areas.
• States should take seriously rainfall predictions released annually by Nigeria Meteorological Agency and take all the necessary preventive steps where necessary to prevent occurrence of flood. States Emergency Management Agency should mobilize and coordinate stakeholders in the states to work more to prevent flood than allow it to occur before embarking on post disaster management.
• Rivers Niger and Benue should be rechanneled at their upper course in the north to serve the drought prone areas of the north with water for agriculture and domestic purposes. More drainage channels should be created in states that experience regular flood incidents, while Rivers Benue and Niger be dredged to accommodate high water volume and to effectively serve as inland waterways.
• State agencies responsible for town planning and management should avoid approving building plans on water ways.
• States should adopt effective solid waste management strategies to rid their environment of waste, and turn waste management into a business that transforms waste to wealth as this will place the states on the path to green economy.
• Citizens needs to change their attitudes regarding indiscriminate disposal of wastes in drainage channels which is the cause of urban flood and adapt environmentally conscious lifestyle.
• Agencies responsible for enforcing compliance to environmental regulations should wake up to their responsibilities and ensure environmental standards are maintained.
• States should make environmental management and specifically flood prevention a priority and appropriately fund implementation of environmental policies and programmes from states budgets. Where the cost of projects are higher than can be funded by the states, states can come up with concrete proposals to access grants or loans or receive assistance from Ecological Fund of the federation.

Before the National Strategic Stakeholders Discussion came to the end, one of the organisers of the forum, ESMI, conferred on Mr. Ukan Kurugh, a “Safety Ambassador Award.” Speaking before the award was presented to him by the Chairman of the Board of ESMI, Professor David Ker, Mr. Martins Iorsamber, ESMI National President, stated that Mr. Ukan Kurugh has distinguished himself as he has used social media to address environmental challenges and has brought succor to victims of flood disaster that hit Benue state in the last few months. Mr. Ukan Kurugh was said to have used social media to mobilise finance and relief materials for flood victims in Benue State.

The Strategic Stakeholders Discussion came to the end after Mnena Rachel Kogi, Registrar of ESMI, presented 51 candidates who had undergone intensive training with ESMI across different states of the country and were certified as Environment and Safety Managers.

By John Baaki Terzungwe, Abuja