Lack of Gender Equality in Nigeria's Climate Finance: Finds Oxfam Report

• Oxfam partners with CODE and launches New Report
• The report mentions lack in Gender Equality in Climate Finance
• Report also calls for attention in Nigeria’s Climate Finance

Recently, Oxfam has launched a new report entitled as ‘'Fact sheet: The state of climate finance in Nigeria’ in Abuja. The report has been published in an alliance with Connected Development (CODE), stating that Nigeria has received $4.93 billion in international climate finance between 2015 and 2021.

Founded in 1942, Oxfam caters in the Non-profit Organizations industry with headquarters in Oxfordshire, having specialities in humanitarian, campaigning, development, partnership, poverty, global, gender, accountability, retail, and charity gifts. In addition, CODE was founded in 2012, being a Non-profit Organization with headquarters in Abuja, FCT, Abuja Capital Territory and specialities in Advocacy, Community Mobilization, Transparency, Accountability, Governance, and Democracy.

Moreover, the report mentions that only 16% of climate change projects of Nigeria that includes gender as a key objective alongside a mere 1% have prioritised gender equality as the main goal. Since the climate change projects in Nigeria are severely deficient specifically in gender considerations, the report raises questions regarding the commitment of the country towards using international climate finance for addressing those women’s peculiar problems who are disproportionately climate crisis-affected.

The report also mentions, “A large portion of the funding came in the form of concessional loans, adding pressure to Nigeria's already burdensome debt portfolio. While key sectors such as agriculture, energy, and water have benefited from international support, there are gaps in mobilising domestic resources and ensuring effective governance at both national and sub-national levels.”

Adding more information, it states, “Only 4.7 per cent of Nationally Determined Contributions (NDCs) funding came from Nigeria's government budget during this period; 4.1 lines of credit, 1.7 from financial support.”