The Federal Government has said it is working to improve access to financing for farmers affected by drought, flooding and other climate-related challenges.
Dr Dahiru Muhammed of the Presidential Implementation Committee on Technology Transfer (PICTT) said Nigeria was working to establish a framework to attract climate finance for smallholder farmers, as experts called for $30 billion in annual investment.
Muhammed disclosed this at a Taxonomy Validation Workshop on Adaptation and Resilience Solutions in Abuja on Tuesday.
“Having a national taxonomy is good, but without defining which activity qualifies as adaptive or resilient to climate change, there is no way you can access the financing,” he said.
He clarified that the amount of financing available had yet to be determined, noting that stakeholders were still developing the framework and identifying the partners required to implement it.
Muhammed said governments at the federal, state and local levels must work together to address climate-related challenges, particularly flooding, through improved infrastructure and effective mitigation measures.
He added that Nigeria needed financial instruments tailored to the different climate challenges confronting farmers across the country.
According to him, northern Nigeria faces drought, while communities in the southern part of the country experience flooding and waterlogging, requiring different adaptation strategies and financing arrangements.
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