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Investors Back Climate Solutions with $560,000 for Nigerian Innovators

Olamide Ojuokaiye by Olamide Ojuokaiye
1 month ago
in Business
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As extreme temperatures take a greater toll across Nigeria, the country’s innovation scene is adapting: 10 startups have now secured $560,000 collectively to develop technologies to curb the impact of the worsening heat crisis on key sectors.

 

The funding awarded under the TECA Heat Action Wave (THAW) programme will support early-stage ventures working on climate adaptation in agriculture, healthcare, clean energy, and climate intelligence. Each startup received $56,000 alongside technical and business development support to scale their solutions.

 

The initiative is backed by global development and climate organisations, including BFA Global, FSD Africa, ClimateWorks Foundation, and the United Kingdom’s Foreign, Commonwealth & Development Office, reflecting increasing international interest in Nigeria’s climate resilience efforts.

 

The intervention comes at a critical time, as rising temperatures continue to expose structural weaknesses in Nigeria’s food systems, public health infrastructure, and energy supply chains. Even as Farmers are grappling with reduced yields, soil degradation, and post-harvest losses, healthcare providers face mounting cases of heat-related illnesses.

 

Meanwhile, the selected startups are developing practical tools ranging from heat-resilient logistics and early warning systems to AI-driven solutions for agriculture, healthcare, and energy management. These innovations are designed to help businesses, farmers, and vulnerable populations adapt to increasingly harsh climate conditions.

 

Programme organisers emphasised that beyond immediate funding, the initiative aims to demonstrate the commercial viability of climate adaptation solutions in Africa.

 

In his remarks, TECA director at BFA Global, Tyler Ferdinand said,

“Extreme heat is rapidly becoming one of the biggest operational risks facing African economies, yet it remains dramatically underinvested”

 

He added that the programme is focused on backing entrepreneurs “building the tools, services, and financial products that will allow people, businesses, and cities to function in a hotter world.”

 

Further insight into the inititative, indicate that the startups operate across multiple states, including Lagos, Kaduna, and Edo, highlighting the growing spread of climate innovation nationwide. The cohort also reflects increasing diversity in the ecosystem, with several ventures having female co-founders.

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Experts noted that while the funding size remains modest, it signals a shift in investor attention toward climate adaptation, an area long overlooked despite its direct impact on economic productivity and public welfare.

 

Consequently, the stakeholders say sustained investment and policy support will be crucial in scaling these innovations to deliver long-term resilience for communities and businesses as heatwaves are intensifying across the country.

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