{"id":29493,"date":"2019-01-27T20:15:07","date_gmt":"2019-01-27T19:15:07","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=29493"},"modified":"2019-01-27T20:15:07","modified_gmt":"2019-01-27T19:15:07","slug":"fg-to-collaborate-with-uk-others-on-economic-development-ahmed","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fg-to-collaborate-with-uk-others-on-economic-development-ahmed\/","title":{"rendered":"FG To Collaborate With UK, Others, On Economic Development- Ahmed"},"content":{"rendered":"
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The Federal Government has assured of its readiness to partner with any group or stakeholders towards the transformation and economic development of the country.<\/p>\n

Minister of Finance, Mrs Zainab Ahmed stated this at the closing session of the UK-Nigeria Climate Finance Accelerator workshop (CFA) held at the Zonal office of the Securities and Exchange Commission, SEC, in Lagos, weekend.<\/p>\n

Ahmed, represented by Mr Israel Igwe, Director, Economic Research and Policy, Ministry of Finance, said there was need for a coordinated green climate finance platform like the CFA in the economy.<\/p>\n

According to her, the CFA programme is an innovative concept that would aid government\u2019s developing approach of the \u201cEase of Doing Business\u201d.<\/p>\n

In his presentation, Mr Chris Dodwell, Director, Climate Change and Clean Growth Ricardo Energy, called on stakeholders in the financial sector to collaborate towards financing developmental projects.<\/p>\n

Dodwell said that CFA was an innovative international initiative supported by the UK Government and other international donors including Nigeria, Colombia and Mexico.<\/p>\n

According to him, its aim is to accelerate the transformation of countries\u2019 Nationally Determined Contributions (NDCs) into bankable projects to attract investment from the private sector.<\/p>\n

He added that CFA was a powerful example of creating a productive dialogue between financiers and policymakers, focused on scalable opportunities.<\/p>\n

\u201cThe CFA progresses financing proposals for identified projects while ensuring Technical Assistance is provided to policymakers across ministries so that planing for delivery of the NDC is better aligned with available capital from local and international markets.<\/p>

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\u201cFor its actualisation and success, there is need for dialogue and collaboration among policymakers, governments, project developers and financial experts,\u201d Dodwell said.<\/p>\n

Contributing, Mr Kyari Bukar, former Chairman, Nigeria Economy Summit Group (NESG), said the CFA programme was the kind of investment initiative the country currently needed to boost its investment portfolios for enhanced economic growth.<\/p>\n

Bukar said the initiative would help to diversify investment portfolio of the banking sector and also transform the capital market.<\/p>\n

\u201cThere is a driven finance community that is growing in the Nigerian economy, which needs to be identified and developed.<\/p>\n

\u201cWith the much-valued support of the Nigeria Economic Summit Group, since October 2018, we have been engaging with private sector companies interested in undertaking ambitious low carbon development projects.<\/p>\n

\u201cThis is with a view to creating a mature pipeline of bankable projects contributing to Nigeria\u2019s NDC and strengthening the climate finance capacities of public and private sector institutions,\u201d he said.<\/p>\n

Four banks namely; Access, Union, Sterling and First City Monument Bank (FCMB) made presentations of the bank\u2019s proposed projects.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Photo Caption: From left; Director, Climate Change & Sustainability team at Ricardo Energy & Environment; Chris Dodwell ; Representative \u00a0of Minster Finance;Mr Israel igwe ; Acting Executive Commissioner Operations SEC, Mr Isyaku Tilde; Managing Consultant , Cerase Environmental Services \u00a0Ltd; Mrs Uzoamaka Egbuche and Head of prosperity, British Deputy high commission Lagos;Mr Guy Harrison at\u00a0the \u00a0Closing of UK Nigeria climate Finance accelerator conference in Lagos, weekend\u00a0<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Federal Government has assured of its readiness to partner with any group or stakeholders towards the transformation and economic development of the country. Minister of Finance, Mrs Zainab Ahmed stated this at the closing session of the UK-Nigeria Climate Finance Accelerator workshop (CFA) held at the Zonal office of the Securities and Exchange Commission, …<\/p>\n","protected":false},"author":6,"featured_media":29496,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17],"tags":[1156],"coauthors":[2391],"class_list":["post-29493","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","tag-development"],"yoast_head":"\nFG To Collaborate With UK, Others, On Economic Development- Ahmed - National Wire<\/title>\n<meta name=\"description\" content=\"The Federal Government has assured of its readiness to partner with any group or stakeholders towards the transformation and economic development of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fg-to-collaborate-with-uk-others-on-economic-development-ahmed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG To Collaborate With UK, Others, On Economic Development- Ahmed - 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