Kunle Salako, the minister of state for environment, has said that Nigeria’s petrol consumption rate dropped by 33 percent due to the removal of subsidy by President Bola Tinubu in May.
He said on the sidelines of the 78th session of the UN General Assembly in New York that the action has reduced the emission generated by petrol.
“The singular action has reduced Nigeria’s consumption of petrol by 33 percent [and] reduced the level of emission generated by Nigerians,” Salako said. “The courageous decision to remove subsidy from petroleum is furthering climate action by Nigeria.
Salako also revealed that he represented the President to pass a resolution to adopt the Nairobi Declaration for final vetting by the meeting of AU.
“The first meeting of Commonwealth Ministers of Environment and Climate in which the Ministers decided to approach the 28th Conference of Parties in Dubai come late November 2023 to early December with a common front of pushing for better financing for climate action.
Earlier in his statement delivered to the “High Level Event for Nature and People: from Ambition to Action”, on behalf of President Tinubu, Salako said achieving the world’s ambitious conservation targets, like 30×30, would require that everyone does more to prioritise nature finance.
30×30 is a global target to protect 30 percent of the planet for nature by 2030.
He said: “Last year, at COP15, the world agreed to fully close the nature finance gap and set a near term target of delivering at least $20 billion in international finance to the Global South by 2025.
“Last month in Addis, African countries came together and issued a declaration that underscored the importance of these nature finance targets.
“Nigeria would like to urge all countries to increase their efforts on this issue and to work with us to ensure that the world follows through on these crucial finance commitments.
“This is our vision for the future, and we invite everyone to act and envision solutions that will preserve nature for future generations.”
According to the him, as a responsible State Party to several Multilateral Environmental Agreements (MEAs), including the Convention on Biological Diversity, Nigeria is doing its utmost to promote transformation actions.
Salako maintained that Nigeria was doing its best to promote transformation actions that are commensurate with the scale of the biodiversity crisis.
“We are exerting these efforts within our own country in addition to supporting countries in our Sub-region to increase their capacity in this regard,’’ he said.
In addition, he said that he attended Blue Leaders High Level Meeting, where in his statement, he said Nigeria was doing its best to promote transformation actions that were commensurate with the scale of the biodiversity crisis.