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
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