Appoints Coordinator For Ogoni Clean-Up
Vice President Yemi Osinbajo has declared that notwithstanding the past leadership and governance failures, which resulted in the worrying conditions of Nigerians in the oil-producing communities of the Niger Delta, the people of the area still deserve a fair deal.
Osinbajo said it is the reason the current administration is now advocating a new vision for the people of the Niger Delta. A statement by his Senior Special Assistant on Media and Publicity, Laolu Akande, last night said Osinbajo spoke yesterday at the Presidential Villa while chairing an inter-ministerial follow-up meeting with relevant government ministries, departments and agencies involved in the Niger Delta,
“The President believes the people of the Niger Delta deserve justice, and for me also, it is a very important point,” the Vice President stated, adding that the state of the region and the suffering of the people does not reflect the fact that “it is the resource base of the country.”
Continuing, he said: “In spite of the past leadership failure, the Niger Delta people deserved a fair deal.” Osinbajo told the inter-ministerial team that includes ministers and others MDA heads that the meeting was to ensure “we are faithful to the promises and spirit of the presidential engagements with the people of the Niger Delta.”
In attendance at the meeting were the Minister of the Niger Delta, Pastor Usani Uguru Usani, Minister of State for Petroleum Resources, Dr. Ibe Kachikwu and Minister of State for Environment, Alhaji Ibrahim Jubril.
Others include the Presidential Adviser on Amnesty Programme, Maj-Gen. Paul Boroh, and the Managing Director of the Niger Delta Development Commission (NDDC), Mr. Nsima U. Ekere.
All the ministers and officials made presentations about the next steps in the process, especially on how to effectively meet the commitments and deliver the promises made by the Federal Government during the interactive engagement tours led by the Vice President.
In his presentation, Jubril disclosed that the ministry has now fully engaged the Ogoni Clean-Up Project Coordinator, Dr. Marvin Dekil, an indigene of Ogoni. Besides, he also revealed that potential contractors have been visiting the site to demonstrate available and suitable technology to be used for the exercise.
Later, Osinbajo also received a delegation of western diplomats from countries involved in the oil industry in Nigeria. The delegation was led by the Dutch Envoy in Nigeria, Ambassador John C.M. Groffen, and included Ambassadors, High Commissioners or their deputies from the United Kingdom (UK), France, Germany, Italy, United States (US) and the European Union.
The Vice President told the diplomats that the idea of the interactive engagements with the oil-producing communities originated from President Muhammadu Buhari after he met with leaders from the region last November.
He added that the Buhari administration is working on how to make a positive and long-lasting impact in the region in a way that transforms the lives of the people from the “treasure trove of Nigeria.”
He added that the Federal Government welcomes partnership and support of the western countries in that effort.
Speaking on behalf of the delegation, Groffen said the countries represented at the meeting would like to stay involved in the dialogue and commended the administration’s approach of the matter.
Nigeria’s aspiration to become a green economy inches closer as The Federal Government meet investors and Capital Markets Operators in Lagos for the first ever Green Bonds Conference. Themed “Green Bonds: Investing in Nigeria’sSustainable Development”, the Conference is organized by the Federal Ministry
Environment in collaboration with Federal Ministry of Finance and Debt Management Office and will take place on Thursday, the 23rd of February 2016 at the Nigerian Stock Exchange, Lagos.
The Acting President, Professor Yemi Osinbajo will deliver a keynote presentation at the conference. The Governor of Lagos State, H.E Mr Akinwunmi Ambode and The Governor of Ogun State, H.E Ibikunle Amosun will also attend as special guests. The Conference Agenda is expected to have Panel Discussions, an exhibition and presentation of the identified projects in Energy, Agriculture, Transport (FCT) and Environment with international investors and business leaders expected to lead at the event.
The Sovereign Green Bonds project is part of a strategic process by the Federal Government to add to the nation’s funding options to catalyse the rebound of our economy and offer the vast majority of Nigerians, a new alternative. The Green bonds issuance will be the first stage in enabling Nigerian tap into the growing global market for green bonds, which as of end of 2016 comprised of $576bn of unlabeled climate-aligned bonds and $118bn of labeled green bonds according to Climate Bonds Initiative in London.
"A sovereign green bond represents a new stage in development of Nigerian capital markets and opens the way for further corporate issuance and international investment. The NSE is playing a key role to help develop this enormous opportunity for Nigeria and fulfill one of our key objectives as a member of the UN Sustainable Stock Exchange Initiative,” says Oscar N. Onyema, CEO Nigerian Stock Exchange.
Nigeria’s first green bond issuance will be the first ever Sovereign issuance in an emerging market. According to Amina Mohammed, Minister of Environment, Green Bonds Project present such an opportunity and the investors conference for Nigeria’s first green bond issuance is timely.
The Conference present a huge opportunity to discuss next step in the diversification of our economy and it will bring together institutional investors, banking finance and young social entrepreneurs that will ensure this initial bond launch is a success enabling the development of a green bond market while building our national climate finance capabilities.
The Honorable Minister of Environment and her counter-part, the Honorable Minister of Finance, Mrs Kemi Adeosun had on 12th aof January 2017 inaugurated a Public Private Advisory Group meeting on the Green Bonds, this was consolidating Stakeholders’ consultation held in late 2016.
Sponsors and supporters for Thursday’s event include the Nigerian Stock Exchange, CITI Bank, Chapel Hill Denham and Climate Bonds while the World Bank, DFID and EY are also playing active roles. The involvement of the NSE and international groups is another indicator of the longer-term climate finance objectives that lay behind this issuance.
The Honourable Minister of State for Environment, Ibrahim Jibril has reiterated government continued commitment to the reduction of Greenhouse Gas emissions in Nigeria.
The Minister gave this commitment at a workshop for "Climate Change Knowledge Immersion" held recently in Abeokuta, Ogun State.
The workshop which is the first in the series of its kind is being organized by the World Bank in collaboration with the Federal Ministry of Environment.
Ibrahim Jibril noted that the world's temperature has continued to heat up especially over the past two centuries due to the abuse of natural resources by humans and warned that the earth will be the worst for it if urgent steps are not put in place to check impending doom.
"It is consequent to this realization that countries around the world including Nigeria decided to take action, through several formal initiatives, as far back as 1972 leading to COP 21 in Paris and subsequently the historic Paris Agreement in December 2015"
"With Nigeria signing the Paris Agreement last year, the Agreement has already come to force having reached the threshold of the required number of countries needed to bring it into force". The Paris Agreement has fixed a clear path to hold the world within safe temperature limits and unseal the means to respond bravely to Climate challenge now and ever, he added.
According to him, the Federal Government has its Intended Nation Contributions (INDCs) of a conditional commitment by 45% and an unconditional commitment to further reduce Greenhouse gas emissions by 20% by 2030.
The Minister stated that the government of Nigeria is determined to implement the National Determined Contributions (NDCs) sector road-maps, which are targeted at reducing average global emissions to two Degree Celsius.
Ibrahim Jibril explained that it has become imperative for the Federal Government to combat the effects of Climate Change in order to achieve its goal of accelerated economic transformation that will lead to sustainable development.
This he said can only be achievable if all hands were on deck. He therefore called on all levels of government, corporate and private sector, the Civil Society groups as well as all well-meaning Nigerians to join hands with the Federal Government in its quest to reduce Greenhouse gas emissions and promote adaptation to Climate Change.
The Minister affirmed that government was not going back on its commitment and hence her resolve to put in place an appropriate institutional framework that will not only mainstream climate change into its development priorities but also encourage the implementation of mitigation and adaptation initiatives at all levels of governance for sustainable development.
He revealed that a draft Guidance Note on Climate Change for states has been developed to help in building capacity for effective State-level response to climate change.
He also said that the federal government is set to launch an innovative and alternative funding instrument known as 'the Green Bonds' in March this year. When operational the instrument will facilitate quick access to international funding for climate-friendly projects for priority sectors of the NDCs.
Emerging from a successful participation at the 22nd Conference of the Parties (COP 22) in Marrakech, Morocco, stakeholders have begun a fresh effort to ascertain Nigeria’s obligations under the new global agreement in Paris and effective strategies for Intended Nationally Determined Contributions (INDCs) targets.
They met at a one-day Post COP 22 Stakeholders Consultative meeting organised by the Federal Ministry of Environment in partnership with Surez Global Resources Limited in Abuja, and agreed that Nigeria should submit proposal to the Readiness and Preparatory Support Programme (RPSP) towards the preparation of its long overdue Technology Need Assessments (TNA).
The discussion anchored by the Director, Department of Climate Change (DCC), Dr. Peter Tarfa focused on the activities and outcomes of COP 22 and role Nigeria played at the Convention; analysis of the implications and opportunities presented by the implementation of the Paris Agreement; role of the relevant stakeholders in fulfilling Nigeria’s obligation.
They also expressed the need to strengthen the climate finance unit already in place to become a functional structure for climate finance in the country and also need to pursue the Green Bonds and other initiatives to a logical conclusion.
Similarly, the participants urge the ministry to monitor closely developments happening at the Adaptation Fund to ensure that the country benefits maximally from the financial resources provided by the fund.
They agreed to set up a technical committee to look at the various issues raised and make inputs into the expected submissions by parties before April 1 2017; forward its nominations of experts to participate in the activities of the established ad hoc technical expert group on response measures, through the coordinators of the regional groups and the SBI and SBSTA Chairs.
Dignitaries, which included the Chairmen of the Climate Change Committees in the National Assembly, representative of the Permanent Secretary, Federal Ministry of Environment, senior officials of Ministries, Departments and Agencies (MDAs), Civil Society Organisations (CSOs) and media also agreed to review the nation’s Gender and Climate Change Action to make it more robust to incorporate many of the issues that the country is expected to address as it communicates with the Convention.
They recommended for a co-ordinated national approach to COPs, such as a robust leadership to head the delegation – the need for President/Minister to attend; early notification to be sent to various stakeholders; identify core negotiators/designated negotiators and adequate budgetary allocation for participants.
The participants also sought for designations of clear roles and responsibilities; enhance synergy with MDAs, States and Federal Government; need to facilitate knowledge fare before conferences within MDAs.
They also agreed for a research conference to support Climate Change negotiations to be hosted in Abakaliki through a robust preparatory/planning committee; research on sustainable low carbon development pathways, especially on key mitigation measures mentioned in Nigeria’s INDC.
Stakeholders further called for Nigeria to develop a Gender and Climate Change Action for the COPs, adding that relevant knowledge should be equipped in the issues of loss and damage, developments and transfer of technologies, gender and climate change action and capacity building.
However, to ensure consistency of delegates participation to COP meetings; they agreed that the ministry should pursue early accreditation to ensure readiness; setting up a desk Unit within DCC for COP activities to enhance information sharing.