Nigeria Government has signed a Memorandum of Understanding with the African Risk Capacity towards addressing the impact of extreme weather events in the country.
According to our findings, the signing is also to provide training support for government personnel.
The signing ceremony, which happened at the annual meeting of the African Development Bank, in Busan, Korea, came on the heels of the bank’s President, Akinwumi Adesina’s pledge to support the work of the ARC in the region.
Adesina called for more stakeholders to join the ARC to ensure the availability of insurance against natural disaster risks.
However, the country’s Minister of Finance, Kemi Adeosun, at the event, congratulated the ARC on the approach it was taking towards climate risk financing and management in Africa.
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