The bank presented two reports on how to reverse this threat.
The World Bank on Monday released two reports addressing and providing solutions to the challenges posed by climate change to Nigeria.
According to the reports titled, “Toward Climate-Resilient Development in Nigeria” and “Low Carbon Development for Nigeria”, a failure to act now on climate change may impact Nigeria’s ability to achieve its ambition set out in Vision 20:2020 of becoming one of the world’s largest economies by 2020.
The reports, which are the results of a two-year collaboration between the World Bank and the Federal Government, detail specific technologies and management practices that could be applied to key economic sectors, including agriculture and land use, water resources, oil and gas, power and transport to build resilience to climate change into the fabric of the economy.
“Building a climate resilient, low carbon economy need not to be at odds with growth,” said Jamal Saghir, the World Banks Director of Sustainable Development for the African Region. “To assist sound policy-making and better assessment of tradeoffs, these reports offer practical examples of win-win actions that Nigeria could consider adopting for achieving lasting development outcomes.”
Towards Climate-Resilient Development in Nigeria proposes ten practical priority actions including strengthening overall governance for climate action, enhancing agricultural and extension services, integrating climate into the planning and design of water infrastructure and promoting sustainable land management practices as part of the government’s Agriculture Transformation Agenda.
Low-Carbon development Opportunities for Nigeria examines how low carbon technologies and management options can be mainstreamed into Nigeria development pathway over the next 25 years.