Nigeria eyes Low Carbon Investments Opportunities to drive economic growth

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Nigeria eyes Low Carbon Investments Opportunities to drive economic growth as the Nigeria economic summit group today hosted a workshop on “Low Carbon Investment Opportunities” in the country.

It was a strategic forum that brought together stakeholders from the energy, finance, business and governance space to explore the Low Carbon Investments actions for Nigeria.

Giving his opening remarks the CEO of the NESG Mr Laoye Jaiyeola informed stakeholders, that the workshop was an opportunity to deepen the economy for a fast-rising population.

With Nigeria as a signatory to the 2016 United Nations Global Paris climate accord, dealing with greenhouse gas emissions and mitigation, there was an opportunity to access Low Carbon Investments for the economy.

Mr Jaiyeola shared that with such investments will scale up activities key sectors like power, transportation, oil & gas, trade and industry which has a multiplier effect on the economy.

He believed the essence of the workshop was to discuss the challenges of low carbon Investments and proffer solutions, with an active private sector participation that can create jobs.

Chairman of the workshop and Minister of State for Budget and National Planning, Mrs Zainab Ahmed said the workshop was an opportunity to explore ways to expand the economy.

According to her with the recent figure released from the National Population Commission, that Nigeria had 198 million people there was urgent need for investments in infrastructure, address issues of access to finance and tackle the power sector challenges.

She highlighted the fact that the current Economic Recovery and Growth Plan(ERGP) also shared the same perspective on sectors to be considered for low carbon investments namely; Agric, Power, Manufacturing and Transportation.

The Minister asserted that through “Low Carbon Investments” Nigeria has an opportunity to grow the Agric Value Chain, Improve Trade, boost power, create new jobs and create an enabling environment for enterprises.

Mrs Ahmed charged stakeholders to address the issues of data for He Liquefied Petroleum Gas(LPG), Commercializing the Gas sector and set an agenda for high impact low carbon investing.

The workshop featured presentations from the MD/CEO of Nigeria Incentive Based Risk Sharing System on Agricultural Lending (NIRSAL)Mr Aliyu Abdulhammeed, Mr Justice Derefaka Program Manager, National Gas Flare Commercialization Program,(NGFCP), Dr Inemo Samiama Project Manager, Eco Delta Power, Mr Femi Adeyemo Co-Founder/CEO of Arnegy and James Elekwachi, Market Development Projects Manager, PIND

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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