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Finance minister calls for coordinated green climate platform to move economy

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In a bid  to improve the nation's economy, the Minister of Finance, Mrs. Zainab Ahmed, has called for a coordinated green climate finance platform.

The minister made the call  at the closing session of the UK-Nigeria Climate Finance Accelerator, CFA, workshop held at the Zonal office of the Securities and Exchange Commission, SEC, in Lagos.

The minister who was represented by Mr. Israel Igwe, Director, Economic Research and Policy, Ministry of Finance, emphasized the need for a coordinated green climate finance platform like the CFA in the economy.

She noted that the CFA programme is an innovative concept that would assist the  government’s developing approach of the “Ease of Doing Business”.

Meanwhile,Mr. Chris Dodwell, Director, Climate Change and Clean Growth Ricardo Energy, urged  stakeholders in the financial sector to work together towards financing developmental projects.

Dodwell stressed that CFA was an innovative international initiative supported by the UK Government and other international donors including Nigeria, Colombia and Mexico.

Speaking on the purpose of the programme, he said the programme seeks to improve the transformation of countries’ Nationally Determined Contributions, NDCs, into bankable projects to attract investment from the private sector.

According to him, the CFA was a powerful example of creating a productive and lasting  relationship between financiers and policymakers, focused on scalable opportunities.

Also speaking, Mr Kyari Bukar, former Chairman, Nigeria Economic Summit Group (NESG), expressed joy over the initiative, adding that the  CFA programme was the kind of investment initiative needed by the country to enhance its investment portfolios for a stable economy.

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