Nigeria To Save N10bn As FG Cuts Down COP 29 Expenses – Presidency

Posted by African Examiner Featured, Latest Headlines, News Across Nigeria Tuesday, August 20th, 2024

(AFRICAN EXAMINER) – The Federal Government says it has cut down expenditures for the upcoming COP29 climate conference in Baku, Azerbaijan,

riefing journalists in Abuja on Tuesday, the Special adviser to the President on Media and Publicity, Ajuri Ngelale, said that the measure would save the government about N10 billion from the 11-day event.

“Many Nigerians would recall that as President Bola Ahmed Tinubu and the federal government of Nigeria’s delegation to COP28 in Dubai, UAE, last year, there were some elements of outcry concerning the size of the delegation,” Ngelale said.

According to Ngelale, the cutting down of the official expenditure is necessary to avoid the embarrassment of COP28 which took place in Dubai last November.

Among the measures to save funds, is that the government will no longer hire a pavilion which costs $500,000 while a delegation office will be set up inside the premises.

He added that some of the wasteful platforms that give rise to consultancies and subcontracts for lighting and other technology provisions will be abandoned as they can be provided directly by the National Council on Climate Change.

According to him, the cutdown will be achieved through the provision and implementation of the climate accountability and transparency portal.

“There was some deliberate misinformation, but the truth of the matter is, we also found that there were government officials who had no business at that meeting, at that meeting, and some with significant delegations.

“And in view of this, His Excellency, President Bola Tinubu, had approved an audit to be undertaken of that exercise to fully understand and ascertain what happened and what must be done to ensure that what happened never repeats itself in this country.

“And as a result of that, within the Office of the Special Presidential Envoy on Climate Action, which I lead, and in the Office of the Director General, CEO of the National Council on Climate Change in the person of Dr Nkiruka Madukwe, an exercise has been concluded detailing exactly what the expenditure profile was of COP28 with a view to ensuring that we implement measures that would ensure that whatever is spent ahead of COP29 has a function that will lead to the economic empowerment of our people and the economic development of our nation.

“In addition to the portal, we found through our audit that during COP28 in Dubai, there were significant expenditures made for the provision of platforms that proved to be, in our view, wasteful.

“So, ahead of COP29, we have resolved and concluded that there will be no showcase pavilion as part of the federal government of Nigeria’s cost reduction efforts. We recognize that what can be achieved in a showcase pavilion can be achieved in a far more economically efficient mode by effectively utilizing the delegation office that is on-site within the conference complex. And this we will do.

“We have found that by taking that option, the nearly $500,000 showcase pavilion that was purchased for last year’s COP28 will no longer be an item of expenditure in COP29.

“In addition, the delegates’ office that we will be using to conduct bilateral meetings and other meetings that otherwise would have been conducted in the showcase pavilion, we will be conducting in a delegates’ office that will cost less than 10% of the cost of the showcase pavilion. “This is the change that Nigerians have asked for. This is the change that President Bola Ahmed Tinubu is giving to them.

“Furthermore, while we ensure that we are not getting involved in high-end purchases of pavilion spaces at a time when our people are grappling with economic difficulty, we are also ensuring that some of these wasteful platforms that give rise to consultancies and subcontracts for lighting for technological provision, that these are elements that can be provided directly from the Secretariat of the National Council on Climate Change, with all of the savings through the provision and implementation of the climate accountability and transparency portal, as well as our active cut down of expenditure items that were found in the COP28 expenditure profile, we have put ourselves in a position to save this country over N10 billion on this 11 Day event in November, COP 29,” he stated.