UN RAISES ALARM OVER THREAT TO 27 MILLION LIVES IN SOUTHERN AFRICAN REGION DUE TO DROUGHT

A devastating drought, caused by climate change, is pushing over 27m people in Southern Africa to the brink of starvation. That is the fear expressed by the United Nations. The alarm is contained in the statement issued on Tuesday by the UN World Food Programme (WFP). The statement warned about the escalating humanitarian crisis in…

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IMF SAYS NIGERIA, FOUR OTHER AFRICAN COUNTRIES ARE SEEKING $600 BILLION LOAN TO MITIGATE CLIMATE CHANGE

The International Monetary Fund (IMF) has said that Nigeria, Ethiopia, Cameroon, South Africa, and Somalia are seeking $600bn in climate financing support from financial institutions. The Washington-based lender also said that Nigeria is struggling to attract climate-related Foreign Direct Investments (FDI) due to its inability to end parallel foreign exchange rates and other policy uncertainties….

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