The World Bank on Monday named Nigerian, Damilola Ogunbiyi of Sustainable Energy for All among the 15 chief executive officers including financiers and asset managers to a group launched by the lender’s president, Ajay Banga, aiming to marshal more private capital to combat climate change and boost investment in developing countries. The “Private Sector Investment Lab” will begin work in …

Nigeria has been able to secure $700 million out of the $31.7 billion that the World Bank disbursed as climate financing in its 2022 fiscal year. The Nigerian government secured the credit facility for an Agro-Climatic Resilience in Semi-Arid Landscapes Project that was designed to develop 20 watershed management plans covering all of the northern parts of Nigeria. According to …