Egypt Zones accountACCOUNT

Nigeria to Plant 10 Million Mangrove Seedlings in Next 3 Years: Minister of State for Environment

Source: www.export-egypt.com 12/9/2023, Location: Africa

Share |
DUBAI, 9th December, 2023 (WAM) -- Dr. Ishaq Salako, Minister of State for Environment in the Federal Republic of Nigeria, said that Nigeria, the third-largest country in the world in terms of the amount of mangrove trees, continues to implement its plan to plant about 10 million mangrove seedlings in the next three years, as they play an important role in the Nigerian ecosystem.

During his participation in a discussion session on mangrove planting on the sidelines of the Nature, Land Use and Oceans Day at COP28, Dr. Salako told the Emirates News Agency (WAM) that Nigeria is working to establish a US$1 billion hydrocarbon pollution remediation project that includes restoring mangrove forests in the Niger Delta region, adding that the country has rehabilitated about 460 hectares of mangroves out of 3,000.

He explained that mangrove trees are heavily affected by human activities, especially oil exploration. In about 10 years, Nigeria has lost 22 percent of its forests, he added, while other factors contributing to the degradation of Nigeria's mangrove forests include overexploitation and dredging.

He pointed to their responsibility at the regional level to reach a unified vision that support the ambitious goals of protecting 30 percent of land and oceans by 2030 as a key contribution to climate change and mangrove conservation.

In order to achieve the ambitious global conservation goals, such as the ambition to restore mangroves, the minister underscored the need to intensify efforts to prioritise nation-based solutions and nature financing.

A commitment has been made to provide at least US$20 million annually in international biodiversity financing to developing countries by 2025, he added.

Dr. Salako affirmed that Nigeria is promoting a ministerial alliance for mutual financing to promote biodiversity ambition, financing, and mutual accountability in the mix of annual pledges of US$20 billion for developing countries.

"We would like to urge all countries to increase their efforts on this issue and work with us to ensure that the world follows up on this critical financial commitment,” he said in conclusion.

Financials and Investment News in Egypt >>

Egypt >>  11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
Egypt >>  11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...

Egypt >>  11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...

Egypt >>  11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
Egypt >>  11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.

The Cabinet is set to add...





Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 |

More News

Oil & Gas Companies in Egypt >>

Related Links

Egypt Zones
Copyright © Universal Solutions All rights reserved. - Privacy Policy.