Natural Eco Capital represented by the CEO- Dr Eugene ITUA supported the implementation of the GLOBE-UNEP-GEF project “GLOBE Legislators Advancing REDD+ and Natural Capital Governance Towards the Delivery of the 2030 Agenda”, in Nigeria.
In developing and implementing sustainable development policies, decision-makers are confronted with incomplete indicators for measuring economic wealth and performance, particularly concerning the interactions between economic activities and the environment. Indeed, traditional tools for economic analysis do not allow policymakers to reliably assess the effectiveness of environmental policies implemented, nor the impact of economic policies on the environment.
To this background, United Nations Statistics Division is prompted to adopt the inclusion of nature in the framework for measuring economic prosperity and sustainable development. This framework (System of Environmental-Economic Accounting— Ecosystem Accounting –SEEA EA) looks beyond GDP and insists that in measuring actual wealth, attention must be paid to our natural capitals and the ecosystem services they provide.
This study, which is a result of painstaking research and consultations, done on behalf of GLOBE, is an important policy document. It is important because it identifies gaps in policies, regulations, and laws that are relevant to the mainstreaming of Environmental-Economic Accounting into Nigeria’s sustainable national development plans, and in clear terms makes recommendations on what to do in the short and long term to plug these gaps.
On behalf of GLOBE Nigeria, we are glad to launch the Policy Research Reports which was done on October 14, 2021, at the National Assembly Complex, Abuja
