Ministry Develops Funding Models To Meet Environment Sector’s Needs

As it acknowledged funding as one of the major challenges confronting the environment sector, the Federal Ministry of Environment is devising robust funding models to bridge funding gaps in the sector.
The permanent secretary, Federal Ministry of Environment, Mahmud Adam Kambari, stated this yesterday at the technical section of the 17th Meeting of the National Council on Environment, with the theme: “Environment Financing: Need to Mobilize More Windows for Generating Adequate Resources in Support of Environmental Sustainability Efforts”, in Abuja.

He said,  “As you are aware, one of the foremost challenges confronting our sector is the issue of funding. Despite the undeniable significance of environmental preservation to human well-being, successive administrations have struggled to allocate resources commensurate with the scale and urgency of environmental challenges.

“It is important, therefore, that we shine a spotlight on the critical issue of financing, with the aim of devising robust funding models and exploring diverse avenues for resource generation to address the sectoral needs effectively.”

Kambari said the meeting was crucial, providing a platform for relevant role players and experts to engage in preliminary deliberations on the diverse memoranda submitted to the council for consideration.

He urged participants at the meeting to reflect on the pivotal role of environmental stewardship in shaping the country’s future as encapsulated in the theme of this year’s meeting.

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“The theme is apt and resonates deeply with the priorities of this administration, highlighting its commitment to harnessing energy and natural resources for sustainable development, as outlined in the Presidential Priorities in line with the Renewed Hope Agenda,” he explained.

“It is expected the outcome of your discussions will serve as a blueprint for actionable policies and programs by the Council, aligning with global best practices and contributing to the realization of our national development objectives,” said Kambari.