In a significant stride towards unlocking green finance and driving sustainable economic growth, the Federal Government has unveiled the Nigerian Climate Investment Platform (NCIP), a country-led initiative designed to mobilize up to $500 million in climate finance for infrastructure, resilience, and adaptation projects.

The NCIP is the result of a high-level meeting between the Honourable 

Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and a high-level delegation from the Nigeria Sovereign Investment Authority (NSIA), the National Council on Climate Change (NCCC), and the Green Climate Fund (GCF), held in his office in Abuja today 

 HM Edun stated that, *NSIA has the trust and track record to lead this,* emphasizing the importance of leveraging climate finance opportunities to drive growth, boost export competitiveness, and support key sectors like agriculture, infrastructure, and digital innovation.

*If accreditation is the last hurdle, I’m confident they’re ready. The global economic environment demands that we leverage all opportunities—climate finance included—to drive growth, boost export competitiveness, and support sectors like agriculture, infrastructure, and digital innovation.*

The platform’s development has been a collaborative effort, with the NSIA working closely with the GCF and local stakeholders to create a structure that can attract both international and domestic capital. As Mr. Aminu Umar-Sadiq, Director-General of the NSIA, noted, *The Honourable Minister’s challenge to conceptualize and implement a credible investment platform has catalyzed this effort. We’ve worked with the GCF and local stakeholders to develop a structure that can attract both international and domestic capital.*

Speaking on behalf of the GCF, Mr. Soji Omisore added, *We currently have no standalone project focused solely on Nigeria. That needs to change. We are here to co-create a country platform that aligns with Nigeria’s climate strategy.*

Dr. Nkiruka Maduekwe, Director-General of the NCCC, stressed the urgency of increasing Nigeria’s access to international climate finance. *Countries far smaller than Nigeria have multiple accredited entities. That needs to change. We are pushing for the NSIA, NASRDA, and even the Ministry of Finance to pursue accreditation.*

The NCIP forms part of Nigeria’s broader strategy to unlock climate-linked capital and position the country as a regional leader in sustainable finance, particularly as global trade dynamics evolve and the African Continental Free Trade Area (AfCFTA) presents new growth opportunities.

With the launch of the NCIP, Nigeria is poised to take a significant step towards a more sustainable and climate-resilient future. By mobilizing $500 million in climate finance, the country can drive growth, support key sectors, and position itself as a leader in green economy. 

The success of this initiative will depend on the collaborative efforts of all stakeholders involved, but the potential benefits for Nigeria’s economy and environment are undeniable.

The Honourable Minister of Finance and Coordinating Minister of the Economy Mr. Wale Edun has reaffirmed the government’s commitment to private-sector-led growth, as the World Bank today launched its latest Nigeria Development Update (NDU) themed *Building Momentum for Inclusive Growth.*

Edun described the Bank as *a tremendous development partner,* praising its technical support and concessional financing via the International Development Association. *We’d like them to continue and to give us more of that to boost us on our way,* he said.

The Minister highlighted progress on fiscal transparency and renewed investor interest across key sectors, stating, *It is investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions.*

The World Bank projected 3.6% growth in 2025, citing Nigeria’s strongest economic performance in a decade, improved revenue mobilisation, and rising foreign reserves. *There is a lot to be positive about on Nigeria,* said Acting Country Director Taimur Samad, while calling for continued monetary discipline to curb inflation.

The NDU is the Bank’s flagship economic report, published twice a year to support evidence-based policymaking.

As Nigeria builds momentum for inclusive growth, the government’s commitment to private-sector-led development and the World Bank’s support underscore a promising future for the country’s economy. With sustained investment and prudent policy decisions, Nigeria is poised to unlock its vast potential and drive sustainable growth.

In a pivotal moment for Nigeria’s economic future, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has called on the Ministry’s Top Management Staff to leverage their expertise in driving economic acceleration and fiscal stability for the benefit of all Nigerians.

This clarion call was made today at the 2025 Ministerial Performance Management Retreat, themed *Strengthening Performance Management for Fiscal Stability,* held at the  Banquet Hall, Government House, Yola, the Adamawa State Capital

The Minister officially declared the 2-day retreat open with a call for renewed purpose, measurable impact, and sustained economic reform in line with the Renewed Hope Agenda of the President Bola Ahmed Tinubu-led Administration.

HM Edun underscored the importance of the Directors’ role in Nigeria’s fiscal credibility, stating:

*The expectations of government and Nigerians are higher than ever. You are the engine room of policy execution. The performance of this Ministry is, to a large extent, a reflection of your effectiveness.*

The Minister reaffirmed President Bola Ahmed Tinubu’s commitment to lifting millions of Nigerians out of poverty through inclusive growth, noting that while the economy has stabilised, the target is to accelerate GDP growth to 7% per annum.

He also commended His Excellency, Rt. Hon. Ahmadu Umaru Fintiri, Executive Governor of Adamawa State, for hosting the retreat and acknowledged the laudable strides being made under his leadership.

In his goodwill message, the Executive Governor of Adamawa State, His Excellency, Rt. Hon. Ahmadu Umaru Fintiri, commended the Honourable Minister of Finance, Mr Wale Edun, the Honourable Minister of State for Finance, Dr Doris Uzoka-Anite, the Permanent Secretaries, as well as the Top Management Staff, for their commitment to driving the nation’s economy.

Represented by the Deputy Governor, Professor Kaletapwa Farauta, the Governor welcomed participants to Yola and stated:

*Adamawa remains committed to national development goals. We are honoured to host this retreat, which speaks to the importance of aligning local governance with federal fiscal reforms.*

Earlier in her welcome remarks, the Permanent Secretary, Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, emphasised the urgency of the retreat’s objectives, thus:

*As we navigate the realities of limited resources, rising public expectations, and the need for efficiency in governance, performance management becomes not only relevant but critical to our fiscal stability and collective success.*

She called for collective efforts in entrenching the culture of Performance Management System in line with the Ministry’s mandate, which is to manage the nation’s finances in an open, transparent and efficient manner to achieve the country’s development goals.

The retreat brings together Directors from across the Federal Ministry of Finance as well as other relevant stakeholders 

to assess strategic progress and sharpen implementation capacity

As Nigeria charts a new course for economic prosperity, the Minister’s call to action serves as a rallying cry for the Ministry’s Top Management Staff to drive growth, stability, and prosperity for all Nigerians

With renewed purpose and determination, the Ministry of Finance is poised to play a critical role in shaping the country’s economic future