The Federal Government has resolved to abolish kerosene lighting by 2030 to address the problems associated with climate change,
It also decided to eradicate short-lived pollutants in the oil and gas sector by 2030.
President Muhammadu Buhari disclosed these in Abuja at the opening ceremony of the 15th Annual Banking and Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN).
Represented by the Minister of Finance, Budget and National Planning Mrs. Zainab Ahmed, Buhari while speaking on climate change stated: “Long-term greenhouse emissions have resulted in hotter temperatures, more severe rainstorms, increased drought and food security issues”.
“To tackle this issue, the government has set plans in motion to significantly reduce greenhouse emissions from Nigeria. More specifically, by 2030 we aim to eliminate Kerosene Lighting as well as Short-Lived Pollutants in the Oil and Gas sector.”
He noted that the government will continue to cushion the adverse effects of inflation through its social safety net programmes, stressing for a developing country like Nigeria, effects of inflation are felt more strongly by less privileged citizens.
He attributed the raging inflation across the world to pent-up consumer demand after the pandemic and the Russian invasion of Ukraine.
