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Mrs. Pearl Uzokwe, Director of Catalyst 2030, has acknowledged that Nigerian companies can profit from worldwide partnerships by leveraging precious local weather change knowledge collected by worldwide organizations to tell decision-making and acquire enterprise benefits.
Uzokwe made these remarks at Nairametrics’ Might 2024 Trade Outlook Webinar, entitled “Local weather Change – Resilient Methods for Companies.”
She highlighted that these partnerships improve capability constructing and additional profit Nigerian companies.
“What this collaboration within the SDG-17 has accomplished for Nigerian companies is that they’re partnering with worldwide organizations on local weather change.
“There’s the Intergovernmental Panel on Local weather Change and the worldwide organizations just like the United Nations Framework Conference on Local weather Change, that are essential for Nigeria, the place now we have many challenges to handle.
“Nigerian companies can leverage the dear knowledge offered by these organizations and use it to make knowledgeable choices that can hopefully profit the individuals. By doing so, they don’t seem to be solely constructing on the information but additionally constructing capability.” she mentioned.
She additional famous that these worldwide partnerships on local weather change might help Nigerian companies keep away from the errors made by their counterparts in different components of the world and permit them to achieve the advantages of local weather resilience and adaptation extra shortly.
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Uzokwe highlighted that worldwide finance establishments just like the African Improvement Financial institution are pooling assets to help local weather change efforts, and Nigerian companies partnering with these establishments can profit considerably.
She additionally emphasised that, when it comes to threat administration, worldwide partnerships assist to create monetary devices that may help companies, together with Nigerian ones, in managing local weather dangers.
The Director of Catalyst 2030 additional identified that worldwide partnerships on local weather change can profit Nigerian companies by means of know-how switch.
She famous that local weather change applied sciences are sometimes costly and require excessive upfront capital expenditures, posing challenges for Nigerian companies. Nonetheless, collaboration with extra technologically superior nations might help Nigerian companies obtain important social affect and advantages that may not be doable in these developed nations.
Uzokwe additionally highlighted that, on the commerce facet, worldwide partnerships might help Nigerian companies perceive how you can retrofit their organizations to fulfill the upper environmental requirements demanded by worldwide commerce agreements.
She additional famous that these partnerships will assist Nigerian companies perceive international requirements, enabling them to make their provide chains extra eco-friendly, decrease their carbon footprint, and place their companies to be enticing for worldwide commerce offers.
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