{"id":9161,"date":"2022-01-22T14:36:16","date_gmt":"2022-01-22T14:36:16","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=9161"},"modified":"2022-01-22T14:36:16","modified_gmt":"2022-01-22T14:36:16","slug":"shift-from-fossil-industry-more-beneficial-for-nigerias-economy-ministry","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/22\/shift-from-fossil-industry-more-beneficial-for-nigerias-economy-ministry\/","title":{"rendered":"Shift from fossil industry more beneficial for Nigeria\u2019s economy \u2013 Ministry"},"content":{"rendered":"<p>The Ministry of Environment and the Coalition for Socio-Economic Transformation (COSET) say a shift from fossil industry will benefit Nigeria more economically and help to solve <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2021\/11\/26\/climate-change-act-will-enable-nigeria-tackle-climate-crisis-unn\/\">climate change<\/a> challenges.<\/p>\n<p>They made the assertion on Friday in Abuja at the\u00a0Friedrich-Ebert-Stiftung Nigeria post 26th UN Climate Change Conference of the Parties (COP26) held in Glasgow in 2021.<\/p>\n<p>The post COP 26 meeting was to steer\u00a0the Friedrich-Ebert-Stiftung Nigeria and COSET group on climate change engagement for the year.<\/p>\n<p>Minister of Environment, <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/17\/apc-governors-reveals-when-the-party-national-convention-will-hold\/\">Mohammad Abubakar,<\/a>\u00a0said that\u00a0climate change remained the greatest threat to human health in recorded history as it affected lives and livelihood.<\/p>\n<p>Abubakar, represented by Mrs Iniobong Abiola-Awe,\u00a0Deputy Director and Head, Greenhouse Gases Inventory Division, Department of Climate Change, said that there was therefore the need to seek ways to address it.<\/p>\n<p>According to him, the nation is living under the unceasing threat of intensifying maximum and minimum temperatures, rising sea levels, droughts, storms, heatwaves, wildfires, hurricanes and warming oceans.<\/p>\n<p>The minister said that these effects could\u00a0directly harm life, destroy habitats and create challenges to livelihoods and communities.<\/p>\n<p>He said that it was within this context that the COP26 in the Glasgow Climate Pact of 2021 had four overarching goals that guided the course of negotiations and key outcomes.<\/p>\n<p>He said that these are to secure global net-zero by mid-century and keep warming to 1.5 degrees Celsius within reach; adapt to protect communities and natural habitats; mobilise finance and work together to deliver.&#8221;<\/p>\n<p>\u201cThe major commitments at COP26 are to curb methane emissions and reverse forest loss; align the finance sector with net-zero by 2050; accelerate the phase-down of coal and phase-out of fossil fuels.&#8221;<\/p>\n<p>\u201cThere is no doubt that with the right investments, it aims at making production processes more environmentally friendly with less use of natural resources. There will be millions of jobs for the youths in the green economy more than there have ever been in the fossil fuel industry.&#8221;<\/p>\n<p>\u201c Regardless of our heavy reliance on oil, the \u2018fossil\u2019 jobs that may be lost under the energy transition plan will be compensated by even more jobs as renewable create crucial benefits to the environment, society and economy,\u2019\u2019 he said.<\/p>\n<p>Abubakar further said that the\u00a0ministry would partner youths since it recognized the central roles they play in effecting climate actions in Nigeria.<\/p>\n<p>He said that the ministry was certifying youth\u2019s involvement and the integration of their\u00a0innovative green strategies into the just transition implementation procedure.<\/p>\n<p>Rev. Fr. Edward Obi, one of the founding members of COSET said that\u00a0the global community knew climate change was a reality\u00a0crippling up on nations\u00a0faster than they were setting up structures to counter.<\/p>\n<p>According to Obi, climate change is real and the effects are visible.<\/p>\n<p>\u201cCountering climate change must be a regional-based effort because the impact is not the same universally and each region must be empowered to take steps to counter it. This is what we are doing at the various regions and Nigeria, in particular, has to walk the talk.&#8221;<\/p>\n<p>\u201cOur fossil fuel industry is counterproductive if we take the global scheme of things into consideration, yes, we are a mono-economy and we are depending only on oil and gas. However, in the long term, oil and gas is being faced out and we must diversify now not tomorrow,\u2019\u2019 he said.<\/p>\n<p>Obi said that Nigeria needed to diversify her economy to have the capacity and resilience to be able to withstand what would come in the future.<\/p>\n<p>He said that unless the nation\u00a0diversifies its economy, it would find itself digging further\u00a0into crude oil whereas its\u00a0environment was being polluted beyond redemption.<\/p>\n<p>He advised the nation to create a system that would gradually change from the oil and gas industry and invest in cleaner energy sources.<\/p>\n<p>Also, Mr Ken Henshaw, a member of COSET, urged Nigeria to show expertise and find solutions to curb climate change.<\/p>\n<p>Henshaw said that Nigeria was facing a climate change crisis in almost every region, including increased flood patterns along with the coastal plates of the Niger Delta and other parts of southern Nigeria.<\/p>\n<p>He said that\u00a0people were losing livelihood and witnessing\u00a0increased salinisation.<\/p>\n<p>\u201cWe are seeing water sipping into farmlands and destroying livelihood, we are seeing changing patterns of rainfall, it rained in Port Harcourt in January 2020 and it rained on Dec. 25, 2021, in Calabar.&#8221;<\/p>\n<p>\u201cThese are all changing patterns and with the patterns of rainfall changing, with the seasons effectively changing and getting altered, our farming system will also be destroyed.&#8221;<\/p>\n<p>\u201cSeveral types of research have stated clearly that the foods we consume in Africa, most regularly like maize, sorghum and cereals generally will be terribly impacted on account of climate change,\u2019\u2019 he said.<\/p>\n<p>Henshaw further said that apart from flooding in the coastal south and central Nigeria, there was also effect like the Boko Haram insurgency in the North East.<\/p>\n<p>\u201cWhy did Boko Haram start in Borno? It is attributed to climate change because of the Lake Chad drying up since it is a fishing, farming and irrigation hub. So, as the lake shrunk, cattle rearers\u2019 can no longer herd their cattle and farmers can no longer farm so are fishermen.&#8221;<\/p>\n<p>\u201cSo, destitution sets in and whenever destitution sets in, it is\u00a0easier to radicalise people and make them take extreme ideologies,\u2019\u2019 he said<\/p>\n<p>The COSET member advised Nigeria to see climate change as a threat and take serious action to find ways to curb its challenges, especially through tackling oil extraction.<\/p>\n<p>He said that this was not the time to invest more into extraction because it was detrimental to the people and environment.<\/p>\n<p>\u201cThat is what we are doing. What is our blueprint to stop gas flaring, what is our blueprint to stop fossil burning no way and how are we thinking of winning ourselves out of oil dependence,\u2019\u2019 he said<\/p>\n<p>Henshaw also advised Nigeria to start thinking of creating an <a href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/19\/economy-stockbrokers-advise-fg-inec-political-parties-on-2023-elections\/\">economy<\/a> that was beyond oil and draft blueprints on how to curb climate change and shrift the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Environment and the Coalition for Socio-Economic Transformation (COSET) say a shift from fossil industry will benefit Nigeria more economically and help to solve climate change challenges. They made the assertion on Friday in Abuja at the\u00a0Friedrich-Ebert-Stiftung Nigeria post 26th UN Climate Change Conference of the Parties (COP26) held in Glasgow in 2021. [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":9162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[23,7],"tags":[2666,2665],"class_list":["post-9161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-environment","category-national","tag-ministry-of-environment-and-the-coalition-for-socio-economic-transformation-coset","tag-mohammad-abubakar"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shift from fossil industry more beneficial for Nigeria\u2019s economy \u2013 Ministry &#187; BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/01\/22\/shift-from-fossil-industry-more-beneficial-for-nigerias-economy-ministry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shift from fossil industry more beneficial for Nigeria\u2019s economy \u2013 Ministry\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Environment and the Coalition for Socio-Economic Transformation (COSET) say a shift from fossil industry will benefit Nigeria more economically and help to solve climate change challenges. They made the assertion on Friday in Abuja at the\u00a0Friedrich-Ebert-Stiftung Nigeria post 26th UN Climate Change Conference of the Parties (COP26) held in Glasgow in 2021. 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