Ocean economies plan: $177m assigned for Nigeria

Nigeria has been assigned the sum of $177 million under West Africa out of the estimated $3.5 billion African Package for Climate-Resilient Ocean Economies.

This is one of the five flagship programmes covering four coastal regions and Small Island Developing States (SIDS) of Africa over a project implementation period spanning 2017 to 2020.

The other programmes, according to a statement, are for North Africa, Central Africa, Indian Ocean and SIDS. In the face of changing global climate, Africa and its coastal communities that rely on the oceans for their food security and livelihoods are considered particularly vulnerable.

Nigeria’s $177 million is expected to be utilised on projects related to fisheries & aquaculture, coastal protection, hydromet system/early warning and waste management.

This package was disclosed when the initiative was revisited during the 12th Conference of the Parties (COP12) to the Convention for Cooperation in the Protection, Management and Development of the Marine and Coastal Environment of the Atlantic Coast of the West, Central and Southern Africa Region held in Cote d’Ivoire.

It was gathered that three leading multilateral development organisations – the World Bank, Food and Agriculture Organisation of the United Nations (FAO) and the African Development Bank (AfDB) would be joining forces to actualise the package.

The package consists of technical and financial assistance to support coastal and island states in Africa to address the challenges of climate change as they develop their ocean-based economies and implement their Nationally Determined Contributions (NDCs).

To ensure easy access to international finance, the Green Climate Fund (GCF) and Global Environment Facility (GEF) are reportedly involved in the implementation of the package, which has been described as a response to the outcome of last September’s African Ministers Conference on Ocean Economies and Climate Change, held in Mauritius.

Other countries under the West Africa programme include: Benin ($152 million), Cape Verde ($33 million), Cote d’Ivoire ($215 million), The Gambia ($3 million) and Ghana ($177 million).

Others are Guinea ($105 million), Guinea- Bissau ($30 million), Liberia ($39 million), Mauritania ($144 million), Senegal ($238 million), Sierra Leone ($155 million) and Togo ($238 million). Countries under the North Africa programme are: Morocco ($154 million; focusing on the nation’s Ceinture Bleue project) and Tunisia ($73 million).

Central Africa programme countries are listed to include: Angola ($116 million), Cameroon ($119 million), Equatorial Guinea ($99 million), Gabon ($107 million) and Sao Tome & Principe ($32 million).

Indian Ocean programme countries are: Comoros ($25 million), Kenya ($130 million), Madagascar ($112 million), Mauritius ($42 million), Mozambique ($113 million), Seychelles ($42 million), Somalia ($28 million), South Africa ($50 million) and Tanzania ($30 million).

SIDS programme nations are: Cape Verde ($104 million), Comoros ($23 million), Seychelles ($116 million), Guinea- Bissau ($68 million), Madagascar ($94 million), Mauritius ($213 million) and Sao Tome & Principe ($114 million). Officials disclosed, however, that stated amounts were objectives based on preliminary estimates of needs and possibilities and that World Bank, FAO and AfDB will work with countries, GCF, GEF and other development partners to flesh out the package and design specific programmes.

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