Nigeria has called for $1 trillion in annual climate finance to support developing nations, as articulated by Permanent Secretary of the Ministry of Foreign Affairs, Umar Ahmed Dunoma, during the Non-Aligned Movement (NAM) Summit in Kampala, Uganda.
Leading Nigeria’s delegation, Dunoma also reaffirmed the country’s commitment to a two-state solution for Palestine and urged sweeping reforms of global institutions like the UN Security Council to better reflect contemporary geopolitical realities.
In a statement released by Foreign Affairs Ministry Spokesperson Kimiebi Ebienfa, Dunoma critiqued the inequities of the current global system, presenting a detailed action plan to galvanize NAM’s 120 member states into a unified voice for the Global South.
He highlighted the compounding crises battering developing nations climate change, unsustainable debt, and systemic exclusion from global decision-making stressing that “no nation can bear these burdens alone.”
With Nigeria grappling with floods, desertification, and a 34% inflation rate, Dunoma emphasised that resolve alone is insufficient without robust international support.
Central to Nigeria’s strategy is mobilizing private capital through innovative “green guarantees.”
Dunoma spotlighted the newly established National Credit Guarantee Company, designed to de-risk green investments and align key ministries to attract funding.
“This model can unlock five to six times more finance than conventional tools,” he told the summit, positioning Nigeria as a pioneer in blending public and private resources to combat climate impacts.
The $1 trillion demand aligns with broader Global South calls for wealthier nations to fulfill Paris Agreement commitments, given Africa’s minimal 3-4% contribution to global emissions yet disproportionate vulnerability.
Dunoma’s advocacy extended beyond climate, with a firm endorsement of Palestinian statehood and a critique of the UN Security Council’s outdated structure.
“The current global governance framework no longer serves the realities of today’s world,” he said, echoing NAM’s long-standing push for equitable representation.
Nigeria’s stance resonates with African Union priorities, as the continent seeks permanent seats on the Council to amplify its voice.
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