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Nigeria faces a $17.7 billion annual climate finance gap, yet opportunities abound for states and businesses to unlock transformative funding.

To bridge this gap, the Partnership for Agile Governance and Climate Engagement (PACE) developed this practical guide to help subnational governments and eco-friendly businesses access climate finance. Drawing on over two decades of governance reform experience, PACE provides actionable steps, readiness tools, and insights into 18 priority climate finance sources, positioning you to drive climate-resilient growth.

GUIDE TO ACCESSING CLIMATE FINANCE

Why Climate Finance Matters?

$2.5 billion

Climate finance attracted by Nigeria in 2021/22, a 32% increase from 2019/20, but still less than 1% of GDP.

$17.7 billion annually

What Nigeria needs to meet its climate goals.

States and local governments

On the frontlines of climate impacts, yet most still lack the systems to access available funds.

What This Guide Offers

Identifies the 18 priority climate finance sources (from 93 identified globally).

Practical steps to secure funding from the 18 identified domestic and international sources.

A Climate Finance Readiness Checklist to assess your state or business capacity, including practical tools to support the assessment.

A detailed glossary of climate finance terminology to help demystify highly technical terms 

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Funding (Climate Finance) Opportunities at a Glance

<span><strong>Domestic Public Sources</strong></span> <br>Federation Account transfers, Ecological Fund, National Climate Change Fund.

Domestic Public Sources
Federation Account transfers, Ecological Fund, National Climate Change Fund.

<span><strong>Domestic Private Sources</strong></span> <br>Access Bank–JICA Climate Facility ($75M), Stanbic IBTC–FinDev Canada ($40M), InfraCredit Climate Facility ($200M).

Domestic Private Sources
Access Bank–JICA Climate Facility ($75M), Stanbic IBTC–FinDev Canada ($40M), InfraCredit Climate Facility ($200M).

<span><strong>International Sources</strong></span> <br>Green Climate Fund (over $20B pledged), Global Environment Facility ($5.3B for 2022–2026), Africa Climate Change Fund ($38.6M).

International Sources
Green Climate Fund (over $20B pledged), Global Environment Facility ($5.3B for 2022–2026), Africa Climate Change Fund ($38.6M).

<span><strong>International Sources</strong></span> <br>Green Climate Fund (over $20B pledged), Global Environment Facility ($5.3B for 2022–2026), Africa Climate Change Fund ($38.6M).

International Sources
Green Climate Fund (over $20B pledged), Global Environment Facility ($5.3B for 2022–2026), Africa Climate Change Fund ($38.6M).

Start Your Journey to Investment-Ready Climate Funding

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