President Bola Tinubu, has pledged to prioritise investments in climate resilience towards contributing to global efforts aimed at alleviating climate impacts and promoting sustainable development.
President Tinubu, gave the commitment during the 4th United Nations International Conference on Small Island Developing States (UN SIDS4), Antigua and Barbados.
“Despite contributing less than one 1% percent of global greenhouse gas emissions, these nations suffer disproportionately from the impacts of climate change resulting to rising sea levels, increased frequency of extreme weather events, and the degradation of marine ecosystems,” Tinubu said,
The President, who was represented by Balarabe Abbas Lawal, the Minister of Environment noted that SIDS are at the frontline of global environmental crisis due to climate change and other factors such as pollution and loss of biodiversity.
He said that it stands in solidarity with Small Island Developing States (SIDS).
According to the President, these factors pose existential threats to the livelihoods and cultures of millions of people in this region, adding that innovative adaptation strategies as well as robust international support and partnerships are essential to enhance and build resilience in the vulnerable islands.
He expressed belief that, if controlled properly, SIDS have the potentials to take a lead in defining models of sustainability and human well-being whilst moving towards a Green Economy.
He noted that “The challenges faced by small island developing states are a reflection of broader global issues that require collective action. By supporting SIDS, we are also advancing the broader agenda of sustainable development and environmental stewardship. We must collaborate with SIDS and prioritise investments in climate resilience infrastructure which includes building sea defenses, developing early warning systems, and implementing sustainable land and water management practices.
“Collaboration with international financial institutions and the private sector is essential to mobilise the necessary resources. The economic vulnerabilities of SIDS are exacerbated by their heavy reliance on tourism and external markets. Diversifying their economies through the promotion of sustainable industries, such as renewable energy, fisheries, and agriculture, can create more resilient economic structures.
“Access to concessional financing is critical for SIDS to address their development challenges. We must advocate for tailored financial mechanisms that recognise the unique circumstances of SIDS and provide them with the fiscal space needed to invest in sustainable development and create more climate resilient environment.
“Strengthening regional cooperation among SIDS and fostering partnerships with larger economies can drive innovative solutions and share best practices.”
The President reaffirmed the nation’s commitment to the principles of equity, justice, and shared prosperity.
“The lands, water and air all belong to humanity and together, we can chart a course toward a more resilient and sustainable environment for our future and generations to come,” he said.
