Dreaming of Wakanda

  Against the backdrop of the recently concluded UNFCCC Conference of Parties (COP) 29 in Baku, Azerbaijan, it is evident that climate change is not just an environmental issue but an economic one, with far-reaching implications for Nigeria’s development. As the largest economy in Africa, Nigeria is at a critical juncture where climate finance can play a pivotal role in driving sustainable development. With a rapidly growing population, estimated to surpass 400 million by 2050, the need for sustainable development has never been more urgent. Climate finance, the funding channeled towards activities that mitigate or adapt to climate change, offers a unique opportunity to address these challenges while unlocking economic growth. Much furore has been made about the New Collective Quantified Goal (NCQG) on Climate Finance that was agreed at COP29, with numerous developing nations, including Nigeria, registering their displeasure at the USD$300 billion per year pledge made by the deve...