Chief Executive Officer of the Nigerian Exchange Limited , Temi Popoola made the disclosure at a Sustainable Finance Training 2021 hosted by the exchange, in collaboration with the International Finance Corporation .
Citing the World Meteorological Organisation State of the Climate in Africa Report 2020, he stated that the investment in climate adaptation for sub-Saharan Africa would cost about $30 to $50 billion yearly over the next decade. Popoola stated that this is in recognition of the climate finance need particularly in Nigeria and the urgent action required to combat climate change as well as its impact as enshrined in the Paris Agreement on Climate Change.
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