In the face of Nigeria’s worsening climate crisis, shrinking natural resources such as arable land and water, land degradation, and insecurity are fueling a national food crisis. With over 19.5 million people projected to face food insecurity in 2025, farmers are increasingly looking toward nature-based solutions to restore soil health, improve yields, and build resilience. […]
Nigeria can leverage on Renewables to Industrialize: Rep. Sam Onuigbo
Sponsor of the Nigeria Climate Change Act and former Member of the House of Representatives, Rep. Sam Onuigbo, has stated that renewable energy can provide the energy needed by the country to fully industrialize. Onuigbo emphasized this during a series of interventions he made during the 14th International Renewable Energy Agency (IRENA) Assembly, the IRENA […]
Solar Power in Nigeria: Lighting the Way, Managing the Waste
“Up Solar, Up Solar.” These were the euphoric chants of Mafolabomi who runs a small provision store in Igbonla community along the coast in Ilaje LGA in Ondo state. The community, which has never been connected to the national grid, had depended on fossil fuel generators, candles, firewood, and kerosene lanterns for a long time. […]
Nigeria Records Success at COP28
THE INFRASTRUCTURE CORPORATION OF NIGERIA, THE AFRICAN GREEN INFRASTRUCTURE INVESTMENT BANK AND SOLARGE INTERNATIONAL BV ANNOUNCE THE INTENTION TO MANUFACTURE LIGHTWEIGHT SOLAR PANELS WITH AN ULTRA-LOW CARBON FOOTPRINT IN Nigeria
Loss and Damage Fund Pledges Hits $456M as COP28 Kicks off in Dubai
This L & D fund purse which has been on the conversation table since the 1990’s finally reached a significant milestone on the first day of COP.
Africa Climate Resilience: The Urgent Need for Adaptation Finance
In a world grappling with the pressing issue of climate change, the continent of Africa stands at a critical crossroads. Despite contributing less than 4% to global greenhouse gas emissions, African nations bear the brunt of its devastating impacts, including floods, droughts, and heatwaves. The need for climate finance to adapt and mitigate these challenges […]
Debt-for-Nature swaps to finance Climate Action In Africa
At the event, top African experts call for more innovation, partnerships and government reforms to unlock billions in climate finance. With Africa requiring over $300 billion annually for climate adaptation, policymakers and government officials meeting at a high-level event on the sidelines of the Africa Climate Summit in Nairobi, have called for the implementation of […]
Ahead of COP28: Africa Still Lagging Behind in Climate Finance Inflow
Climate change is increasingly becoming a subject that can no longer be ignored. More than ever before, the world is feeling its impact and in a more localized context, Nigeria has experienced some of the worst effects of climate change such as heavy flooding which has translated to the loss of lives, destruction of public infrastructure […]
CBN Reduces Number of BDC operators from 5689 TO 2991
LIDA Network had conducted an investigation regarding how Bureau De Change operators in Nigeria had formed a cartel under the watch of the Central Bank of Nigeria. LIDA Network can now confirm that a previously inexistent link on the homepage of CBN’s website now shows that the CBN has taken the necessary action in cleaning […]
LEKKI DEEP SEA PORT PROMOTES AFCFTA GAINS BUT LOCAL COMMUNITY SEEK SHARED PROSPERITY AND ENVIRONMENTAL PROTECTION
The Lekki Deep Sea Port holds the promise to position Nigeria for the big gains of the AFCFTA, competitive transshipment, and status upgrade as the maritime hub of West Africa, but the neighboring local communities also want a share of this prosperity and protection against any adverse sustainability and human rights issues following the development. […]