2023: Peter Obi wants to establish a green army to tap into $3 trillion of international climate finance


In his recently released 2023 presidential election manifesto, Labor Party candidate Peter Obi vows to identify opportunities and harness $3 trillion international climate finance using a green army.

The labeled manifest “Our pact with Nigerians: create a new Nigeria” It was made public during a broadcast on Canales Televisión on Saturday, December 3.

Aside from the stated manifest:

  • “Nigeria has been established to be among the 10 countries most vulnerable to climate change, posing the greatest economic, physical, financial and development risks. But it also offers tremendous opportunities to spark the transition to green growth and boost prosperity. We will establish a Green Army charged with identifying all opportunities to harness $3 trillion international climate finance to engineer economic growth and jobs for millions of our youth and transition our country into the green age.”

How you will address current issues: Peter Obi has said that he wants to transition Nigeria from fossil fuels to green energy. For him, this transition will have a positive impact on Nigeria’s environmental challenges, such as flooding, which claimed more than 600 lives across the country in October 2022. Peter Obi told the Morning Show hosts on Arise TV in October 2022 that if he becomes president in 2023, he will address the country’s flood problems by dredging the Benue and Niger rivers. He also alluded to dredging contracts concluded in the past without implementation. According to him, the rainfall pattern from 2001 to date has remained constant, so dredging is needed to prevent the flooding that Nigerians have to face every year. He said:

  • “If Egypt can dredge and sift the Nile River, which is more than 6,000 km long for tourism and other purposes that contribute to its economy, why can’t we do the same for the Niger River, which is more than 4,000 km? , and the Benue River, which is more than 1000 km? If we award the dredging contract, we’ll make sure it gets done.”

Industrializing with zero net goals: In the manifesto, it was stated that the country’s economic output will be equitably oriented towards the net zero emissions campaign. Therefore, the Obi campaign will redesign the incentives for current and potential investors in the industrial sector along with an apprenticeship system to provide a ready-made source of technical expertise in the relevant areas.

Reduction of imports of petroleum products: The manifesto states that Obi’s campaign plans to incentivize the middle segment of the oil industry by facilitating privately owned small- and medium-scale boutique refineries and gas processing plants, with a view to reducing the importation of refined petroleum products and eliminating the gasoline subsidy regime, which has become a huge burden on the budget.

In the manifesto, the Obi campaign plans to review and enforce the mandatory National Strategic Stockpile of Premium Motor Spirit (PMS), Diesel (AGO), aviation fuel and cooking gas to reduce the country’s national vulnerability to sudden supply disruptions. of these fuels. The manifesto also stated:

  • “We will ensure that the federal government offers significant incentives to companies and industries that make measurable efforts to transition to clean and alternative energy, not only for local consumption but also for export. Our priority is the preservation of our environmental integrity, using a carrot and stick approach to ensure that industrial production and oil production do not harm our environment and livelihood systems.”

In case you missed it: Peter Obi has previously stated that Nigeria must look beyond oil and intends to move Nigeria from oil to the Fourth Industrial Revolution by expanding physical infrastructure through market-driven reforms that will unleash entrepreneurship that enables growth and innovations market makers.

… 2023: Peter Obi wants to establish a green army to tap into $3 trillion of international climate finance Read more at … Naijaonpoint.




Please enter your comment!
Please enter your name here