Changing the Financial Climate

Earlier this year, the federal government of Nigeria launched the Imagine Nigeria report jointly with the United Nations Development Programme (UNDP) under a larger development framework that explores alternative pathways to further Nigeria’s development. The report explores the challenges and opportunities, as well as alternative scenarios for the future. It also proposes a series of recommendations to shape a sustainable and prosperous future for all in the coming decades.

Reviewed by over 300 Nigerians, both within the country and in the diaspora, Imagine Nigeria recognizes numerous unexplored prospects that citizens can harness for national transformation. The report notes that going green is in Nigeria’s best interest and that it is a strategic choice which, if fully pursued, can allow Nigeria to take advantage of an emerging global push towards low-carbon economies. A flourishing Nigerian green economy is estimated at $250bn investment opportunities in critical sectors, including energy, transportation, infrastructure, manufacturing, agriculture and land use. It is imperative to develop investment prospectus containing business cases and business opportunities that a futuristic green Nigeria presents. By going green, Nigeria can build a more inclusive, resilient and prosperous nation, overcoming prevailing challenges, such as the unprecedented impact of COVID-19, diminishing oil revenue, climate change, social inequality, poverty, and insecurity.