AfDB plans Africa’s climate finance increment to $25bn

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The African Development Bank says it will within the next five years double the climate change finance of Africa to 25 billion dollars.

According to him, Nigeria is one of the few countries that has evolved its Nationally Determined Contributions into a long-term vision, which is a foundational document for developing a long-term strategy.

”We can’t be able to quantify the amount because we do not have a clear view of the projects that will emanate from the strategy,” he said. Nmehielle said the meeting would avail the opportunity for stakeholders to know what the Bank was doing and what governments of countries had done in various areas of intervention.reports that the annual meeting is the AfDB Group’s most important event, attracting no fewer than 3,000 delegates and attendees yearly.

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