The Gombe State Government has emphasised the potential of green bonds as a sustainable financing mechanism for the development of the state.
The emphasis was made by the State Commissioner of Water, Environment and Forest Resources, Mohammed Saidu Mohammed Fawu, who led the state’s delegation to the recently concluded 28th UN Climate Change Conference (COP28), held in Dubai, United Arab Emirates.
Saidu Mohammed Fawu said that Gombe State aims to attract investors and build credibility for its green bond to pave the way for the realisation of crucial projects focused on adaptation, resilience, and emissions reduction.
The delegation seized the opportunity presented by the 28th COP28 in Dubai, United Arab Emirates, to spotlight its pioneering efforts in addressing local climate challenges while seeking partnerships from the international community.
During the international conference, the Gombe State delegation met with global stakeholders on the sidelines of the event.
The presentation made by Gombe at the Nigeria Pavilion centred on the theme “Mobilising Climate Finance for Innovative Adaptation Themes,” where the state shared experiences and challenges and sought collaborations to address environmental concerns in the state as well as proposed solutions related to climate change.
The state also highlighted its steps towards innovative financing mechanisms and its plan to raise its first green bond at the sub-national level, which is a demonstration of a forward-thinking approach to financing climate-related projects.
The Mohammed Saidu Mohammed Fawu-led delegation engaged with global stakeholders to showcase the successes achieved under Governor Muhammadu Inuwa Yahaya’s leadership in environmental restoration and sustainability.
He noted that the initiative is in line with the state’s commitment to mitigating climate change impacts, as evidenced by the conversion of street lights to solar power, which he described as a significant step towards reducing carbon emissions.
He also explained that Governor Inuwa Yahaya’s administration has made environmental management a top priority, citing the state’s flagship project, Gombe Goes Green (3G).
The Commissioner said that “through the 3G initiative, the government is planting approximately 1 million trees annually, reclaiming over 364 hectares of degraded land, and actively combating gully erosion.”
According to him, “Also, the Network-11-100 road revolution project has seen the construction of over 700km of roads, signifying a holistic approach to environmental restoration and infrastructure development.”
The Commissioner of Trade, Industry and Tourism, Nasiru Mohammed Aliyu, and the Director-General of Research and Documentation in the Government House, Dr. Muazu Shehu, who also spoke, pointed out the commitment of Governor Inuwa Yahaya to sustainability and environmental restoration, particularly emphasising the need for partnerships that will strengthen the state’s environmental sustainability plan, which is an integral part of its development agenda.
The Gombe state delegation, led by Commissioners Muhammad Sa’idu Fawu and Nasiru Aliyu Mni, also had Alhaji Kabiru Tsoho, Director-General of the Debt Management Office (DMO), and Dr. Mu’azu Shehu from the Research and Documentation Directorate, among other officials, as contained in a statement by Ismaila Uba Misilli, DG (Press Affairs), Government House, Gombe.
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