Nigeria is facing significant health and environmental threats and risks losing $100 billion annually from the impact of climate change, according to a new report.
The report released by Agora Policy, titled, ‘Climate Change and Socio-Economic Development in Nigeria’ showed that, climate change is increasing hunger, poverty, disease-burden, migration, conflict and insecurity in Nigeria.
The report also showed that the impact is damaging infrastructure, changing
Nigeria’s coastlines, fuelling desertification, producing water scarcity, facilitating erosion and resulting in the loss of revenue for states and the national government.
It went further to show that the economic cost of climate change to Nigeria is estimated to be about $100 billion annually.
The report also showed that climate change may also cause Nigeria to lose trillions of dollars in stranded assets.
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