UK launches climate finance accelerator Nigeria, calls for proposals
British Government-funded CFA Nigeria has opened a call for proposals for the Climate Finance Accelerator (CFA) Nigeria programme. CFA Nigeria is a climate finance country platform designed to directly respond to the urgency and scale of the climate crisis in Nigeria, by mobilising finance for the country’s just transition to a resilient, low-carbon economy.
Project developers in Nigeria helping to tackle the climate crisis are invited to apply by completing the online application on or before February 17, 2023. Interested project developers must be in pre-feasibility stage and should be seeking investment of at least $1 million with no upper limit.
Crowding in private finance at scale is essential to implementing Nigeria’s ambitious climate commitments articulated through Energy Transition Plan and Nationally Determined Contribution. A fraction of the funding necessary for the transition is considered to be available in the market, demonstrating the scale of the challenge and the immense opportunity.
British Deputy High Commissioner in Lagos, Ben Llewellyn Jones, said:
“I’m delighted that the Climate Finance Accelerator Nigeria is now open for applications from low-carbon projects. The private sector has the potential to play a large part in helping to meet Nigeria’s climate change commitments and I’m excited to see what innovative projects apply.
“The CFA has already seen great success globally and in Nigeria and it is fantastic that Nigerian projects will continue to receive bespoke support from technical and financial experts to help increase their chances of securing investment.
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