The UK-Nigeria Infrastructure Advisory Facility (UKNIAF) and the Nigeria Governors’ Forum (NGF) are organizing a crucial workshop titled “Roundtable on State Access to Climate Finance.”
The event aims to bolster the ability of State commissioners, Directors General, advisors, and officials of governments, to secure finance for their development needs.
It is especially timely as Nigeria faces significant challenges from climate change and the pressing need for sustainable financial solutions.
States are on the frontline of responding to climate change. So this roundtable intends to help States explore how climate finance can be a tool to accomplish their development goals, and specifically how to work through political and financial viability of projects and initiatives to better approach sources of finance.
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It will also aim to share experiences between States and kick start inter-state collaboration, with the support of NGF, according to a statement by UKNIAF.
Key objectives of the workshop:
Sharing state-Level experiences of integrating climate finance with current development and investment priorities.
Insights from UKNIAF: Participants will gain valuable insights from UKNIAF’s extensive work on project development and strategies for accessing climate finance.
Collaboration platform: The workshop aims to foster collaboration among states on issues of collective interest.
Path to bankability: The event will provide a space for states to identify and discuss areas of work necessary to achieve bankability for climate-related projects.
Themes for discussion:
The roundtable will focus on the interests of the participants and will feature highly interactive discussions on various key themes.
Carbon Market Financing: Exploring opportunities within carbon markets and how to develop projects that can attract investment.
Bankability: Strategies for developing and originating projects that are attractive to climate finance investors.
Green Bonds: Understanding the opportunities, realities, and challenges of issuing state-level green bonds to finance or refinance projects.
The workshop highlights the increasing interest in subnational access to climate finance, acknowledging that states are at the forefront of climate action.
Supported by the NGF, this event represents a significant step toward enabling states to effectively attract climate finance for their development needs.
