Business News of Wednesday, 15 January 2025
Source: www.mynigeria.com
President Bola Tinubu, has on Wednesday, January 15, 2025, in Abu Dhabi advocated the importance for global synergy in addressing sustainable development.
According to him, Nigeria is not averse to working with other nations to build a resilient, equitable, and sustainable world for all.
He made the statement on the second day of the 2025 Abu Dhabi Sustainability Week with the theme: “From Climate Imperatives into Economic Prosperity: Bridging Africa with the Global Energy Future.”
He added that no single nation can walk the road to sustainability alone, insisting that global interconnectedness demands collective action, knowledge sharing, and mutual support.
Tinubu said: “The fight against climate change is not merely an environmental necessity but a global economic opportunity to reshape the trajectory of our continent and the global energy landscape.
“As leaders, stakeholders and citizens of our planet, we stand at a critical juncture in human history. To succeed, we must innovate, collaborate and act decisively as one global community.
“We have embraced a vision of sustainability that aligns with global aspirations while addressing local realities. Our efforts are anchored on three pillars: Energy Transition, Climate Resilience, and Sustainable Development. My administration recognises the importance of reducing carbon emissions and a just transition to clean and renewable energy, promoting environmental sustainability and economic growth.
“Our energy transition plans, like many nations, are aimed at diversifying energy sources and reducing dependency on fossil fuels, prioritizing the transition to cleaner energy sources as a cornerstone of our national development strategy.
“To promote a Green Economy in Africa, we must focus on integrating sustainable practices in all sectors of our economy. These investments are capital intensive and require international support from partner countries, including multinational organizations, development partners and individuals who share our vision of a sustainable, prosperous and equitable future.
“Nigeria became the first country in Africa to initiate funding of green projects through Sovereign Green Bond proceeds, the third issuance of which is in progress. We urge investors to partner with us in this regard. Our administration remains committed to providing an enabling environment for businesses to thrive in Nigeria.
“By partnering with global leaders and harnessing the power of technology, we are finding new and innovative ways to address our environmental challenges. We have arable agricultural lands for advanced technological farming, including a bright future for Artificial Intelligence.”