To meet the developmental objectives and needs of countries, there is a need to put in place various mechanisms that ensure effective and efficient service delivery with the overall improvement of the quality of life of the citizenry. For a robust system, the mechanism must give recognition to the bedrock, the environment and the subset, the economy that depends on it.
For Nigeria, the quest for sustainable management of her natural resources (natural capital) requires the adoption of a governance approach that accounts for the impact of economic development on natural resources and environmental sustainability and subsequently integrates such knowledge into policies and decision making.
To succeed in this requires evidence-based policy development and decision-making informed and reinformed by integrated information gathering and high-quality statistics. Natural Capital Accounting (NCA) and its tools operationalized under the UN System of Environmental-Economic Accounting (SEEA) lends itself for use. Through this, high-quality environment(al) statistics, and their integration with socio-economic statistics and development becomes easy. However, for this to happen, there is need for strengthening national capacities of developing countries like Nigeria for sustained, regular production of a priority set of environmental statistics, environmental-economic accounts, and the resulting indicators, in order to measure progress towards sustainable development and national growth.
It is against this background, that this two-day workshop held September 16-17,2020 for the relevant MDAs stakeholders.
See highlights of the Event
Participants at a Two-Day Workshop on Mainstreaming Natural Capital Accounting into Nigeria’s National Development Plans
Day Two
L-R: Dr Eugene Itua, CEO, Natural Eco Capital & NCA GLOBE INTERNATIONAL Consultant; Elizabeth Ebosele, Technical Assistant to Hon. Minister of State, Fed. Min. Of Budget and National Planning; Hon Benjamin Kalu, Spokesman of Nigeria’s House of Representatives (middle), Abdulrahman Naibi Rajab Special Assistant to Hon. Minister of State, Fed. Min. Of Budget and National Planning and Dr Jubril Adeojo, Green Finance Expert, Natural Eco Capital
Hon Benjamin Kalu, Spokesman of Nigeria’s House of Representatives and Dr Eugene Itua, CEO, Natural Eco Capital & NCA GLOBE INTERNATIONAL Consultant.
Sitting- L-R: Dr Eugene Itua, CEO, Natural Eco Capital & NCA GLOBE INTERNATIONAL Consultant; Elizabeth Ebosele, Technical Assistant to Hon. Minister of State, Fed. Min. Of Budget and National Planning; Hon. O. A. Afe, MHR; Hon Sam Onuigbo, President, GLOBE Nigeria; Dr Bolatito Obisesan, Director (PRS & GEF Operational Focal Point), FMEnv and Abdulrahman Naibi Rajab Special Assistant to Hon. Minister of State, Fed. Min. Of Budget and National Planning and Standing: Mr Aso Patrick Vakporaye, Ag. Director, Economic Growth, Fed. Min ic Budget and National Planning.
Efforts towards ensuring that Natural Capital Accounting is mainstreamed into Nigeria’s sustainable National Development Plans are part of the focus of GLOBE Nigeria’s GEF6 project in Nigeria, tagged “GLOBE Legislators Advancing REDD+ and Natural Capital Governance towards the Delivery of the 2030 Agenda.”
Download here the recommendations which were agreed upon from the stakeholder engagement.
