The report released by Agora Policy, titled, ‘Climate Change and Socio-Economic Development in Nigeria’ showed that, climate change is increasing hunger, poverty, disease-burden, migration, conflict and insecurity in Nigeria.Nigeria’s coastlines, fuelling desertification, producing water scarcity, facilitating erosion and resulting in the loss of revenue for states and the national government.
To transform climate change from a significant threat into an opportunity requires deliberate planning supported by immediate, bold and courageous action, it said. However, it stated that, leveraging climate action to pursue economic development in Nigeria is not only a viable but essential strategy. It recognized the fact that incorporating climate considerations into economic development strategies can result in inclusive and sustainable growth.
To accomplish this, Nigeria will need to implement mitigation and adaptation strategies that considerably enhance its macroeconomic stability, economic transformation, and job creation, while minimising well-being.
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