Nigeria’s post-COVID-19 macroeconomic policies : are they climate change friendly?
Date
2023
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Abstract
This policy insight analyses Nigeria’s post-COVID-19 macroeconomic policies to ascertain how helpful they are in achieving the country’s climate commitments, as specified in its Nationally Determined Contribution (NDC). The focus is on the policies in the Economic Recovery and Growth Plan, Economic Sustainability Plan and National Development Plan (2021–2025). This is followed by policy recommendations to help achieve a green economic recovery in Nigeria. While a clean energy future is taking shape with the expansion of the NDC, the Nigerian government needs to create a conducive environment for the effective implementation and monitoring of its climate change policies and initiatives. Educating all stakeholders on climate change adaptation and mitigation measures needs to be prioritized. By actively investing in renewable energy, capacity building, climate-smart agriculture and economic diversification, Nigeria can set itself on a path to build back stronger and cleaner.
Description
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Policy Brief
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Keywords
COVID-19 RESPONSE, MACROECONOMIC POLICY, NATIONALLY DETERMINED CONTRIBUTIONS, NIGERIA, SOUTH OF SAHARA