The United Kingdom (UK) says Nigeria will get £95 million to fund Climate-Resilient Agriculture (CRA).
The government of the UK made the new commitment at the ongoing UN Climate Change Conference (COP27) in Egypt, in a statement announcing an increase in the climate adaptation budget to £1.5 billion by 2025.
CRA is a system of agriculture that uses existing natural resources through crop and livestock production systems to achieve long-term higher productivity and farm incomes under climate variabilities.
“In Nigeria, the UK will provide a £95 million investment to support the development of climate-resilient agriculture programmes, for example through scaling up heat-tolerant crop varieties,” the statement reads.
“The funding will support more than 4 million people, including 2 million women, to increase productivity while reducing emissions.”
UK’s foreign minister, James Cleverly, said the budget was scaled up to support developing countries facing the devastating impact of climate change, to adapt effectively.
Last year, the UK pledged £290 million at COP26 for climate adaptation projects.
Speaking at COP27 on Monday, the minister said the UK was delivering on the commitments made at COP26 in Glasgow. He urged other countries to do the same.
The new budget commitment was announced in a session with the theme ‘Accelerating adaptation in Africa’, which aims to support the international community to make COP27 a critical moment for increasing climate financing in Africa.
“The Glasgow climate pact gave the world the tools to limit the rise in global temperature to 1.5 degrees and build a secure and sustainable future,” Cleverly said.
“Now is the time for all countries to step up their action on climate change and deliver the tangible change needed.
“The UK will continue to play a leading role in this mission. The funding we have announced will support countries which are facing the devastating impact of climate change, to adapt effectively.”
Cleverly said Africa would be prioritised in the climate financing commitment, adding that the UK has partnered with the African Development Bank (AfDB) to open up a new climate finance window that Africa can benefit from.
He said about £250 million has already been contributed to the window.
TheCable reports that the United Nations secretary-general, Antonio Guterres, called for an accelerated effort by world leaders to develop an effective roadmap to increase climate action.
He tasked financial institutions with adapting their business models and bankable projects to increase climate financing for developing countries.
“There is money for adaptation but countries need to develop bankable projects to access them,” the UN boss said.
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