At BOAD, we have translated this philosophy into concrete financing commitments: 25% of our overall financing envelope is now dedicated to climate resilience, including coastal and marine ecosystem protection. We channel these resources through our four multilateral climate accreditations, with the Green Climate Fund (GCF), the Global Environment Facility (GEF), the Adaptation Fund, and the Loss and Damage Fund (FRLD), which gives us access to concessional instruments specifically designed for ecosystem-based adaptation and sustainable ocean investments.
Browsing: blue economy
…The region possesses immense blue wealth. What has often been missing is coordination.
The Lagos State Governor, Mr Babajide Sanwo-Olu, is set to host the 2025 International Climate Change Summit, which will focus…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to revitalising the Baro River…
The Delta State Government says it plans to use its rivers and coastal areas to create a strong and fair “blue economy” — an economy based on water resources that supports both people and the environment.
President Bola Tinubu has called for the prompt ratification of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement and a significant increase in funding for blue economy initiatives to ensure the protection and sustainable use of the world’s oceans.
When the Nigerian Institute of Public Relations (NIPR) introduced ‘Marine and Blue Economy’ as a new category in its annual…
Vice President Kashim Shettima has called for the maximisation of Africa’s blue economy projected to hit $405 billion by 2030.…
“Fisheries and aquaculture is a key component of the Marine and Blue Economy which is the focus of the ministry action plan.
The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, says the blue economy will offer 350 million jobs to Nigerian citizens if adequately harnessed.