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Consider equality when it comes to climate financing in resolving the global crisis – Nigeria Minister


By Fatima Saka


The Minister of State for Environment, Dr Iziaq Adekunle Salako has urged world leaders to consider equality when it comes to climate financing in resolving the global crisis, saying that there is inequity in the ways countries are impacted by the biodiversity crisis.


Dr. Salako made this call on Tuesday at the 78th Session of the United Nations General Assembly In New York, while highlighting challenges facing African Countries.


He added that “in ECOWAS countries, a lack of solutions means that our communities become poorer, our food security is jeopardized, and our rural populations are forced to relocate.


“Second, there is inequity in the burden placed on countries to implement global commitments.

Biodiversity-rich countries like those of ECOWAS incur more costs and more scrutiny for implementing strong biodiversity commitments.


“And third, there is inequity in the level of global ambition shown to address the crisis.”


The vision of Nigeria and the rest of Africa is to ensure that the World truly unites and responds as one. Each Coalition brings hope in reaching this goal, but we need to go further together.


The Minister also spoke on the efforts of African countries in curtailing the effects of the challenges and emphasized on the critical role of financiy. “I am proud to announce today that with Nigeria playing a rallying role, African nations have reached a consensus to support ratifying at the earliest possible date, the new international ocean treaty for the high seas.


“For Nigeria this is an essential and urgent step, and we invite all of you to ratify this treaty promptly.
“I am also proud to announce that ECOWAS countries are seeking to launch a regional coordination process for the designation of new protected areas and have, through the ECOWAS Appeal, committed to act together to ensure that direct exploitation is no longer a driver of global biodiversity loss. This is essential, and we invite all countries present today to collectively commit to higher ambition to prevent unsustainable exploitation and species loss.


“Finally, achieving the world’s ambitious conservation targets, like 30×30, will require that we all do more to prioritize nature finance. Last year, at the United Nations Biodiversity Conference (COP15), the world agreed to fully close the natural finance gap and set a near term target of delivering at least $20 billion in international finance to the Global South by 2025.


“Last month in Addis, African countries came together and issued a declaration that underscored the importance of these nature finance targets. Nigeria would like to urge all countries to increase their efforts on this issue and to work with us to ensure that the world follows through on these crucial finance commitments.


“This is our vision for the future, and we invite everyone to act and envisonn solutions that will preserve nature for future generations.”

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