Nigeria will require approximately $336.5bn between 2026 and 2035 to finance climate change mitigation and adaptation programmes. The funding requirement comprises $195bn for emissions mitigation and $141.5bn for adaptation. These investments are expected to create jobs and strengthen economic resilience in key sectors, including energy, agriculture, and infrastructure.
The Director-General of the National Council on Climate Change, Tenioye Majekodunmi, made this disclosure. According to a statement by the Head of Failure and Social Experiments at Semaform Foundation, Chaste Inegbedion, Majekodunmi stated that the financing requirement had renewed concerns about the country’s capacity to mobilise adequate resources to implement its climate commitments.
The Semaform Foundation has announced plans to launch a platform aimed at connecting organisations seeking climate funding with grant providers and investors. The platform, known as Grant Swipe, will be unveiled during the foundation’s Handshake Summit and Awards scheduled for November 13, 2026, in Antalya, Türkiye. This event coincides with the United Nations Climate Change Conference, COP31.
The Handshake Summit and Awards will bring together policymakers, investors, development practitioners, and climate stakeholders to discuss climate finance, artificial intelligence investment, and trade. One of its sessions, titled Happy and Hungry, will examine the paradox of rising global agricultural production alongside persistent hunger, estimated at 670 million people worldwide.
Another session, Ladies in Climate, will examine how green financing can become more accessible to women and persons with disabilities, particularly in renewable energy, clean cooking, and climate-resilient businesses. The discussion will be moderated by Lyzianah Emakoua, a United Nations Economic Commission for Africa African Youth Climate Negotiator.
Twenty individuals will also be recognised for their contributions to climate action, environmental governance, policy development, and sustainable development. Among the honourees are the Chairman of the House of Representatives Committee on Climate Change and Security, Dr Kama Nkemkanma, and Nnaemeka Oruh, secretary of the committee that drafted Nigeria’s Climate Change Act.
The summit coincides with COP31’s November 13 thematic day on Finance and Trade, which is expected to focus on mobilising investments and strengthening financing arrangements for climate action. The COP31 Presidency has identified food security, sustainable agriculture, clean energy transition, electrification, youth, and education among its priorities.
Key points
- Nigeria requires $336.5bn for climate change mitigation and adaptation programmes between 2026 and 2035.
- The Semaform Foundation is launching a platform to connect organisations seeking climate funding with grant providers and investors.
- The Handshake Summit and Awards will discuss climate finance, artificial intelligence investment, and trade, and recognise individuals for their contributions to climate action.
