Climate change is a global challenge that affects every country, but it disproportionately impacts developing countries like Nigeria. The country has experienced the effects of climate change in the forms of threatened agriculture and food security, water stress, floods, droughts, rising sea levels and stressed ecosystem. From rising sea levels in the south to desertification […]
Debt-for-Nature Swaps and Their Potential to Address Nigeria’s Environmental Challenges
The finance concept of debt-for-nature swap has become increasingly popular in the past year as countries are looking for ways to simultaneously reduce their debts and preserve their environment. This concept was first implemented in 1987 as a swap between Bolivia, Costa Rica, Ecuador, and the NGOs in the United States. The swap was a […]
Unlocking Nigeria’s Carbon Market Opportunities for Sustainable Growth.
Nigeria is one of the most populous countries in Africa with over 200 million people. The country is blessed with vast resources and faces numerous challenges in achieving a sustainable development and combating climate change. However, these challenges present ample opportunities, particularly in its carbon markets. The good side of the current global challenge is […]
Kenyan Government Officials Spend Billions of Taxpayer’s Money on Travel
In a report from the Control of Budget, it has been unveiled that government county officials across Kenya have spent a staggering Ksh 17.5 billion on travel in the fiscal year ending June 2023. This sizeable sum is divided into domestic travel within the counties, amounting to Ksh 15.3 billion, and foreign travel, which accounted […]
Fuel Consumption Drops as Kenyans Keep their Cars at Home
Fuel consumption in Kenya has dropped to its lowest levels in over five years, excluding the Covid-19 pandemic period, as the high pump prices have deterred motorists and kept vehicles off the road. Official data reveals a sharp decline in the consumption of super petrol, dropping by five percent to 1.01 billion liters from 1.074 […]