Connect with us

General

COP 30: Tinubu Okays National Carbon Market Framework to Unlock $3bn Financing

Published

on

COP28

By Adedapo Adesanya

President Bola Tinubu has approved the adoption of a National Carbon Market Framework, the operationalization of the Climate Change Fund, and the restoration of the National Council on Climate Change (NCCC) to the budget line.

This comes ahead of the 30th session of the United Nations Climate Change Conference scheduled to hold in Belem, Brazil in November.

According to a statement signed by the spokesman to the Vice President, Mr Stanley Nkwocha, the goal is to establish and manage Nigeria’s participation in carbon markets.

This will also enable the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals.

Carbon markets refer to systems that allow countries, companies, or organisations to buy and sell carbon credits, which represent the right to emit a certain amount of carbon dioxide (CO₂) or other greenhouse gases (GHGs).

The approvals followed a presentation by the Director General of NCCC, Mrs Omotenioye Majekodunmi, at the second meeting of the council held on Thursday evening at the Presidential Villa, Abuja.

President Tinubu, who was represented by Vice President Kashim Shettima, said the approvals were part of measures by his administration to properly position Nigeria to leverage opportunities in the global carbon market and be more active in climate change ecosystem.

The Nigerian leader also set the agenda for Nigeria ahead of the forthcoming COP 30 scheduled for Belem, Brazil, saying the focus is to harness all of the opportunities for financing climate resilient projects and related interventions, particularly from the global carbon market.

The President said his administration recognizes the fact that addressing climate change is not just an environment imperative but an opportunity to unlock new investments, jobs and innovations across the nation’s energy, agriculture and industrial sectors.

“Nigeria stands ready to takes its rightful place as a global leader in climate action, ensuring that our voice and our reality are heard and respected in international negotiations.

“We have demonstrated this commitment through our active participation in the UNFCCC process, our progress towards implementing our nationally determined contributions and our efforts to mobilize climate finance for adaption and mitigation across all levels of government,” he said.

The President assured that as chairman of the council, climate action will continue to be prioritized in his administration’s development agenda.

“We will continue to champion policies that protect our people, strengthen our economy and position Nigeria as a destination for green investment and innovation”.

On her part, Mrs Majekodunmi said the deliberations and decisions of the council would shape how Nigeria is perceived globally and determine how effectively the country can mobilize support to achieve its climate goals.

The council secretariat expressed its commitment to providing the technical leadership and coordination needed to translate Nigeria’s climate goals into measurable results.

Presenting the council’s progress report, she disclosed that Nigeria is now eligible to access new rounds of climate finance from multilateral funds.

Highlighting the secretariat’s key requests, she said the council sought the adoption of the National Carbon Market Framework to enable Nigeria unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade.

The Council also requested the operationalization of the Climate Change Fund to ensure immediate readiness for fund mobilization and utilization.

The final request was for the Council to restore the NCCC budget line within the annual FAAC allocation to guarantee the financial stability of the Climate Change Fund.

The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, backed the Council Secretariat’s recommendations, noting that Nigeria must secure a strong position within the carbon framework.

He assured the Council of the Finance ministry’s support, including coordination with the ministry’s economic department to host a quarterly Climate Finance Tracking Dashboard.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Afreximbank to Hold 33rd Annual Meetings in Egypt June 21-24

Published

on

Afreximbank

By Adedapo Adesanya

The African Export-Import Bank (Afreximbank) has announced that its 33rd Annual Meetings will take place at El Alamein in Egypt, from June 21-24, 2026.

Against the backdrop of deepening geopolitical realignment and conflicts, Afreximbank will hold its 33rd Annual Meetings under the theme Intra-African Trade and Industrialisation: Pathway to Economic Sovereignty, underscoring the growing imperative for African countries to harness internal capacities, strengthen regional value chains, and accelerate industrial transformation as a foundation for sustainable and resilient growth.

The meetings will bring together Heads of State, government officials, policymakers, private sector leaders, financial institutions, academia and international partners from across Africa and beyond.

Through a series of strategic dialogues and engagements, Afreximbank aims to identify priority projects and actionable programmes that will advance the transformation of Africa’s trade structure, particularly in an era shaped by protectionism, shifting alliances, and economic self-interest.

The Cairo-based lender, in a statement, said the 2026 meetings would provide a unique platform for delegates to engage with high-level decision-makers, connect with partners across the value chain, gain insights into trade finance and logistics, and access capital and close investment deals. The meetings will also serve as a platform to structure partnerships and advance bankable projects across the continent.

According to Mr George Elombi, President and Chairman of the Board of Directors at Afreximbank, the meeting is coming at a time when disruptions are occurring, particularly in the Middle East, setting the need for African institutions to look at solutions that help them.

“With the current global turmoil, marked by policy uncertainty and intensifying geopolitical tensions, Africans must look inwards for solutions relevant to their challenges. We must wean ourselves off trade in commodities, expand investment in processing, build regional value chains, and consume our products to realise the growth and shared prosperity we want,” he said.

Adding his input, Mr Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), affirmed: “As the host country of Afreximbank, Egypt is honoured to welcome distinguished delegates to attend the Bank’s 33rd Annual Meetings. At a time of increasing global uncertainty and shifting economic dynamics, Egypt’s strategic location and economic scale position it as a key driver of regional integration and advancing continental priorities.

“Hosting the AAM2026 in El Alamein reflects Egypt’s continued commitment to supporting African institutions, strengthening intra-African trade, and advancing the continent’s industrialisation and long-term economic transformation.”

Continue Reading

General

A Culinary Journey Through Korean Comfort Food: Tradition, Flavor, and the Art of Shared Dining

Published

on

Korean Comfort Food

Korean cuisine has become one of the most celebrated and influential food cultures worldwide, admired for its vibrant flavors, comforting dishes, and deep cultural roots. Whether enjoyed in a bustling restaurant, a cozy home kitchen, or through a convenient online order, Korean food continues to captivate diners with its harmonious blend of taste, texture, and tradition. As global interest grows—boosted by entertainment, social media, and the rise of Korean restaurants—more people are discovering just how rich and rewarding this cuisine truly is.

The Heart of Korean Food: Flavor, Fermentation, and Freshness

What sets Korean cuisine apart is its remarkable diversity and complexity. Central to many dishes are fermented ingredients such as kimchi, gochujang (Korean chili paste), and doenjang (fermented soybean paste). These ingredients add layers of savory, spicy, and tangy flavors that cannot be replicated by other culinary traditions.

Fermentation also plays an important role in Korean health culture. Foods like kimchi and fermented soybean paste contain natural probiotics that support digestion and immune health. This makes Korean food not just delicious but also incredibly nourishing.

A traditional Korean meal features banchan—small side dishes that include pickled vegetables, sautéed greens, seasoned tofu, and more. These side dishes provide balance and variety, making each meal feel abundant and thoughtfully prepared.

The Magic of Korean Barbecue and Communal Dining

One of the most iconic dining experiences is Korean barbecue, where guests grill their own marinated meats at the table. This interactive style of dining creates an atmosphere filled with sizzling sounds, savory aromas, and joyful conversation.

But Korean barbecue is only one part of the broader culture of shared eating. Korean meals are meant to be communal, bringing people together to enjoy a wide range of dishes simultaneously. Instead of ordering individual plates, tables are filled with shared items that everyone can taste.

This sense of togetherness reflects centuries of cultural tradition and is a major reason Korean restaurants are beloved worldwide. Whether you’re enjoying spicy kimchi stew, warm rice dishes, or flavorful grilled meats, the experience is designed to be enjoyed with others.

A New Era of Convenience: Enjoying Korean Cuisine From Home

While Korean food has deep cultural roots, modern dining trends have made it more accessible than ever. As online ordering becomes an essential part of everyday life, Korean restaurants have embraced technology to bring authentic flavors directly to customers’ homes.

With easy-to-use online platforms, diners can explore full menus, make custom requests, and enjoy fast delivery of freshly prepared dishes. This convenience has allowed Korean cuisine to reach even wider audiences, including those who may not have access to a dine-in location nearby.

Whether you’re craving a spicy noodle bowl, a warm stew, or a set of delicious banchan, Korean food is now only a click away. If you’d like to order authentic Korean dishes online, you can explore this convenient option:
👉 poker

Popular Korean Dishes That Capture the World’s Attention

  1. Bibimbap
    A colorful rice dish filled with sautéed vegetables, marinated meat, fried egg, and spicy gochujang, bibimbap is one of Korea’s most balanced and visually appealing meals.
  2. Bulgogi
    Thin slices of marinated beef grilled to perfection, bulgogi is tender, sweet, savory, and universally loved.
  3. Kimchi Jjigae
    This hearty stew made with kimchi, tofu, pork, and vegetables is a comfort food staple, especially during the colder months.
  4. Tteokbokki
    Spicy, chewy rice cakes simmered in a chili sauce. This street-food favorite is a hit among people of all ages.
  5. Korean Fried Chicken
    Crispy, crunchy, and glazed with sweet or spicy sauces, Korean fried chicken has gained international fame for its unforgettable flavor.

Each dish tells a story, representing generations of knowledge and culinary tradition passed down through families and communities.

Why Korean Food Is Loved Globally

Korean cuisine’s worldwide rise can be attributed to several factors:

  • Cultural influence: K-dramas, K-pop, and social media have highlighted Korean food in exciting and relatable ways.
  • Healthy eating trends: The emphasis on vegetables, fermented ingredients, and balanced meals appeals to wellness-focused diners.
  • Shareable dining experiences: The communal style of eating resonates with people seeking connection and memorable meals.
  • Flavor variety: Korean food offers something for everyone—spicy, sweet, savory, mild, crunchy, warm, and refreshing.

As more people fall in love with these flavors, Korean cuisine continues to expand into new cities, communities, and households.

Final Thoughts

Korean cuisine is more than just a collection of dishes—it is a cultural experience shaped by history, community, and a commitment to harmony in flavor. Whether enjoying a traditional meal in a restaurant, grilling barbecue with friends, or ordering Korean comfort food online, the experience is always warm, flavorful, and deeply satisfying.

With its perfect blend of nourishment, taste, and shared enjoyment, Korean cuisine will continue to inspire diners around the world for generations to come.

Continue Reading

General

Tinubu Establishes Dedicated Support Fund for Troops

Published

on

Tinubu's Portrait

By Dipo Olowookere

The Accountant-General of the Federation has been directed by President Bola Tinubu to create a special account for a support fund dedicated to members of Nigeria’s Armed Forces.

A statement on Sunday night by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that funds from the account would be used to support those wounded in the line of duty, and the families of fallen heroes.

Already, as a personal commitment, Mr Tinubu has pledged to contribute all his salaries since assuming office as seed funding for the initiative, reinforcing his resolve to ensure that those who have borne the cost of Nigeria’s peace and security are not forgotten.

According to the statement last night, the establishment of this dedicated fund is to commemorate the 74th birthday of the President and to honour the courage, sacrifice, and service of the nation’s military personnel.

He urged state governors, members of the National Assembly, the private sector, his friends, and well-wishers to support the initiative, noting that details of the fund will be made available in due course.

President Tinubu noted that “supporting members of the Armed Forces and their families is not an act of charity, but a duty that all must fulfil.”

He stressed that the initiative was rooted in a solemn national obligation to care for those who stand in harm’s way and the families who carry the burden of their sacrifice, irrespective of insurance programmes available to members of the armed forces.

“The President reaffirmed his administration’s commitment to strengthening the welfare of military personnel and ensuring that their service to the nation is matched with dignity, care, and sustained support,” the statement concluded.

Continue Reading

Trending