World Bank has announced a grant of $2 million to Akwa Ibom State in support of programmes initiated by the state to mitigate impact of climate change and ensure the usage of clean energy.
An official of the bank, Amos Abu, made the announcement at the opening of the first Akwa Ibom State climate change and clean energy summit, taking place in Uyo, the state capital.
Abu said the amount was the take off grant to the state government aimed at supporting activities undertaken by the state, adding that the bank had set aside a total $30 million for the mitigation of climate change impact.
The bank is happy to partner the state government because ‘’it has proved to be transparent, focused and development oriented,’ he said, adding that those are the qualities required by the bank.
He said the bank continue to support programmes aimed at poverty reduction and environmental sustainability and urged all countries to avail themselves with the opportunity of climate change to create jobs for the people.
In his remarks, Anthony Nyong, a representative of the African Development Bank expressed readiness to work with the federal government to ensure that the right policies that would promote agriculture and industrialisation are formulated.
Nyong said the bank has so far spent over $12 million in support of climate change activities in the last couple of years adding that it plans to spend additional $5 million yearly to tackle the challenge of climate change.