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Reading: Shettima Urges World Bank, Imf, Afdb To Scale Up Financing For Climate Action In Africa.
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Climate ChangeForeign

Shettima Urges World Bank, Imf, Afdb To Scale Up Financing For Climate Action In Africa.

Ayo Adekeye
Last updated: September 27, 2025 4:57 pm
By
Ayo Adekeye
Published September 27, 2025
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Vice-President, Sen. Kashim Shettima has called on the World Bank, International Monetary Fund (IMF) and African Development Bank (AfDB) to scale up financing for climate action.

Shettima, made the call at a Climate Submit during the 80th Session of the United Nations General Assembly (UNGA), in New York, stating that the climate emergency demands not just words, but courageous and sustained leadership.

The vice president revealed that Nigeria is mobilising $20 to $25 billion in climate finance by 2030, including green bonds, blended finance, and public-private risk-sharing mechanisms.

Shettima, therefore, called on global partners to scale up concessional finance, knowledge sharing, and technology transfer, to accelerate not just Nigeria’s transition, but Africa’s contribution to a safer, more sustainable world.

 

TAGGED:African Development Bank (AfDB)Climate SubmitInternational Monetary Fund (IMF)New YorkSen. Kashim ShettimaUnited Nations General Assembly (UNGA)Vice-PresidentWorld bank
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Gunther added that the trade relations between Germany and Nigeria stood at about €3bn. She said, “I think agriculture is a very good area for cooperation, not only because we can help in the area of food security, which is important to Nigeria, but also in improvement of export of processed products. “Instead of selling more raw products, we will have more value creation within the country to create more jobs. “As part of our development cooperation, we have a programme in agriculture that also focuses on exactly that value chain, which supports small and medium-sized enterprises in the sector,” she said.

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