A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability P

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Maria Dumpert
Maria Dumpert

A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability P

4 years ago

A new WRI blog highlights Nigeria's Sustainable COVID-19 Recovery -- In addition to removing fossil fuel subsidies, the government's $5.9 billion (N23 trillion, or 1% of GDP) Economic Sustainability Plan (https://budgetoffice.gov.ng/index.php/nigeria-economic-sustainability-p…) invests in clean energy, agriculture, and infrastructure, including:
* US$619 million to the Solar Homes Systems Project, which is anticipated to cover about 5 million households, along with providing monetary incentives for private solar installers;
* A National MSME Survival Fund, of which 60% is reserved for women entrepreneurs;
* An agricultural program to significantly increase the acreage under cultivation, which has the potential to incorporate climate-smart strategies and practices such as drought-resistant crops and sustainable land and water management