RicherFin · Sovereign Projects

Nigeria - Yobe State Environmental and Climate Change Action Project — Nigeria

Nigeria · Yobe State · Environmental policy and administrative management

Overview

The twin objectives of the African Development Bank’s Ten-Year Strategy (2013-2022extended to 2023) are inclusive growth and gradual transition to green growth. The project will contribute to these objectives by engendering growth across sectors, geography, gender,and age as the project activities will be carried out in one of the poorest states in Nigeria and targets support to women and youth. In addition, its major intervention of afforestation and reforestation will result in carbon sequestration and thus, the project could be classified as a green project. It also seeks to build resilience to climatic shocks by reducing emissions, degradation,and deforestation. This project primely contributes towards climate adaptation result. As such 100% of the total approval is attributed as climate finance, out of which 100% is adaptation finance.

Key project information

Official name
Nigeria - Yobe State Environmental and Climate Change Action Project
Status
Ongoing
Current phase
Ongoing
Country
Nigeria
Location
Yobe State
Sector
Environmental policy and administrative management
Project structure
Public investment / AfDB sovereign financing
Estimated project cost
XDR 36.4m
Expected completion
2028-04-23