Public Sector Budget, Climate Change Finance and Climate Indicators in Nigeria: An Impact Analysis

Abstract

Climate change is a major worry for many countries, including Nigeria, as it presents an increasing threat to human livelihoods and global ecosystems. In order to better understand the efficacy of budget allocation and the impact of climate indicators on efforts to mitigate and adapt to climate change, this study presents an impact analysis of Nigeria's public sector budget, climate change finance, and climate indicators. Nigeria is a growing nation that deals with a range of climate-related issues, including intense weather, temperature rises, and irregular rainfall patterns. Numerous industries are impacted by these issues, including infrastructure, energy, water resources, and agriculture. The Nigerian government has been putting money toward projects that mitigate and adapt to climate change as part of its public sector budget in order to allay these worries. In order to investigate the relationship between public sector budget allocation, climate change funding, and climate indicators in Nigeria, this research blends quantitative and qualitative methodologies. It measures the impact of climate indicators on the nation's reaction to climate change and appraises the efficacy of current budgetary allotments for climate-related projects. The study comes to the conclusion that climate finance comes from a range of sources, including public and private organizations. It also frequently involves cooperation between different institutions and involves funding climate change adaptation and mitigation projects across the nation through the appropriate government ministries, departments, and agencies. It suggests, among other things, that in order to facilitate a more thorough knowledge of the gaps in public climate finance, which can enhance better policy making, improved public finance and budget data and evidence collection and provision are needed.