Event Description

Posted Fri, Aug 6, 2021 5:32 AM

Timeframe: Thu, Aug 12, 2021 7:00 PM - Thu, Aug 12, 2021 7:00 PM

Invitation to participate in a UK-Nigeria Climate Finance Accelerator high-level workshop in Nigeria

Climate Finance Accelerator in Nigeria

We are pleased to invite you to participate at a workshop to reintroduce the UK-Nigeria Climate Finance Accelerator (CFA). The CFA is a technical assistance programme funded by the UK Department for Business, Energy & Industrial Strategy (BEIS) that provides support in eight countries worldwide, to support climate change mitigation projects, to improve their bankability and to attract sustainable finance. The programme also aims to contribute to the establishment of a permanent Climate Finance Accelerator in each country, to identify sources of finance for climate projects, thereby supporting the goals of Nationally Determined Contributions (NDCs) and creating the conditions for greater climate ambition.

Between 2017 and 2019 the CFA piloted in Nigeria – drafting pipelines, improving project bankability, tailoring support to project proponents, government, and financial institutions and identifying sources of primary and secondary finance. Given the sizeable opportunity that climate finance presents, the CFA partners want to raise the CFA’s ambition and to establish it as permanent process with a designated host institution in Nigeria.

The main objectives of the workshop are:

1. to re-introduce the CFA and its scope in Nigeria;
2. to review the Nigerian climate finance landscape;
3. to facilitate a panel discussion on investment opportunities and barriers to climate finance and low-carbon projects;
4. to understand perspectives on the design and host institution of the permanent CFA.