BREAKING: President Tinubu Establishes Green Economic Initiative Committee

President Tinubu has established the Green Economic Initiative Committee.

 

NewsOnline Nigeria reports that President Bola Ahmed Tinubu has approved the establishment of a committee to oversee the Green Economic Initiative, known as the Presidential Committee on Climate Action and Green Economic Solutions.

This Nigeria news platform understands that President Tinubu also approved the appointment of his Special Adviser on Media and Publicity, Ajuri Ngelale as special envoy on Climate Action and the appointment of Infrastructure Corporation of Nigeria (InfraCorp) as the Lead Arranger and Developer of Evergreen City, Nigeria’s first green industrial zone.

 

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The committee, according to a statement by Segun Imohiosen, director of Information and Public Relations, Office of the Secretary to the Government of the Federation(SGF) will coordinate and oversee all the policies and programmes on climate action and green economic development.

The move is to remove the constraints to coordination, foster a whole-of-government approach to climate-action programmes and provide an efficient governance architecture.

 

It is also to ensure that all the relevant institutions in the sector are plugged into the President’s vision and are collectively implementing the Renewed Hope Agenda on climate action.

The President chairs the committee that has Minister of Environment Balarabe Lawal as vice-chairman. Ngelale, Lazarus Angbazo (CEO, InfraCorp); Salisu Dahiru (CEO, National Council for Climate Change); Michael Ohiani (CEO, Infrastructure Concession Regulatory Commission); Aisha Rimi (CEO, Nigerian Investment Promotion Counci); and Aminu Umar-Sadiq (CEO, Nigeria Sovereign Investment Authority), Yusuf Maina-Bukar (CEO, National Agency for the Great Green Wall); Abdullahi Mustapha (CEO, Energy Commission of Nigeria); and Abba Aliyu (CEO, Rural Electrification Agency) as members.

 

Others are Uzoma Nwagba (CEO, CrediCorp), Khalil Halilu (CEO, National Agency for Science and Engineering Infrastructure); Fatima Shinkafi (CEO, Solid Minerals Development Fund); Bala Bello (deputy governor, Central Bank of Nigeria); Lolade Abiola (UN SE4ALL); Teni Majekodunmi (National Council on Climate Change) and Representative, (Federal Ministry of the Federal Capital Territory) as members.

The Federal Ministries of Finance; Power; Industry, Trade & Investment; Water Resources; Agriculture & Food Security; Federal Inland Revenue Service, and the Nigeria Customs Service also have representatives in the committee.

 

The committee shall, among other functions, identify, develop, and implement innovative non-oil & non-gas climate action initiatives.

It will coordinate all the activities of relevant federal institutions towards the attainment of all agreed climate action and green economic objectives and non-oil/non-gas ambitions of the government.

It will also collaborate with all the relevant government, sub-national governments, non-government, and civil society entities towards the attainment of the climate action objectives and ambitions of the federal government.

 

In the same vein, it will collaborate with national governments and multilateral institutions towards the attainment of the climate action objectives and carbon market ambitions of the government.

The committee will also monitor, evaluate, and guide the progress of all climate action and renewable energy projects and activities of the government.

Other functions include: ”Track and guide the implementation of initiatives and developments conducted by the Energy Transition Working Group.

 

”Supervise the work of the Presidential Steering Committee on Project Evergreen.

”Prepare a half-yearly green ambitions update, covering all associated climate action achievements of the Federal Government.”

Imohiosen said that Tinubu remained committed to achieving Nigeria’s green economy objectives on the path of a just energy transition while unlocking new investments in this critical sector.

 

Ngelale explained in a separate statement that President Tinubu’s decision to establish the Evergreen City is a significant step towards achieving industrial development that meets the demands of the present and future.