The Federal Government and Vitol, a multinational energy and commodities company have committed an initial sum of 50 million dollars for projects such as climate-smart agriculture, green industrial technologies, and waste management among others.
The project, coming through Nigeria Sovereign Investment Authority, NSIA, will cut across several sectors, including agriculture, energy, and manufacturing.
According to a statement issued by Vice President’s spokesman Laolu Akande, the official signing ceremony of the Carbon Vista Agreement, an initiative that aims to support Nigeria in meeting its net-zero targets by investing in carbon avoidance and removal projects, took place at the State House Conference.
According to Osinbajo, Africa is the lowest emitter of carbon coupled with its young and vibrant population that is capable of effectively deploying green manufacturing on a large scale.
He added that Africa can become the first truly green civilization on earth to use renewable fuel for purposes of a transformative economic journey.
The House of Representatives has condemned the calls for an interim government.
They warned the aggrieved politicians behind the clamor to desist from heating up the polity.
According to the House, Nigerians should only wait for the outcome of the electoral litigation, stressing that the court will ventilate political grievances.
In a resolution during plenary presided over by Deputy Speaker Ahmed Idris Wase, the House said the interim government was unknown to the constitution and asked security agents to be on the alert to prevent any breakdown of law and order in the country.