Tag Archives: Climate Investment Fund

Nigeria and several other Africa countries facing the climate change challenge will benefit from a $6.4 billion fund to tackle the global menace, according to the African Development Bank (AfDB), which is providing the financing. Anthony Nyong of the AfDB, who made the disclosure on Monday in Doha, Qatar, stated that the money would support low-carbon and climate-resilient development in ...

Nigeria and some 16 other middle-income countries are beneficiaries to the $7 billion Climate Investment Fund (CIF), which is being implemented by the World Bank in partnership with some multilateral development banks. The CIF entails the $4.8 billion committed to the Clean Technology Fund (CTF) and $2.2 billion to the Strategic Climate Fund (SCF). Similarly, the African adoption of Clean ...