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Commonwealth Report: Young People Are Unable to Adequately Access Funds Needed to Tackle Climate Change
Commonwealth Report: Young People Are Unable to Adequately Access Funds Needed to Tackle Climate Change
Young people, who are among those most at risk to the impacts of climate change, are not accessing the funds they need to tackle the challenges posed by global warming, according to a report.
The joint report published on 9 December by the Commonwealth Secretariat and YOUNGO, the children and youth constituency of the United Nations Framework Convention on Climate Change (UNFCCC), analysed 100 climate finance initiatives targeted at young people.
While it showed an increase in youth-focused climate finance, funds are mainly disbursed in small amounts, hindering large-scale youth-led climate action.
In addition, the audit information provided by funders lacked full transparency, especially about beneficiaries and what projects were funded.
In response, the report calls for a fit-for-purpose approach to deploying climate finance for youth-led actions to remove existing barriers and ensure young people receive a fair share of support.
The proposed solutions include targeted reporting, a streamlined process for accessing funds with a focus on clear eligibility criteria, increased private sector support and new innovative financing sources.
According to a statement on Monday by the Commonwealth Secretariat, Climate finance, a core part of the Paris Agreement, is provided to help developing countries cut greenhouse gas emissions and adapt to the impacts of climate change.
The report was launched at a side event, ‘Empowering Youth Leadership: Experiences from the Commonwealth in Access to Climate Finance, Capacity Building and Technology’ – hosted by the Commonwealth Secretariat in partnership with the governments of Fiji and Zambia on 9 December 2023 during the United Nations Climate Change Conference (COP28).
Speaking at the event, the Commonwealth Secretary-General, the Rt Hon Patricia Scotland KC, said: “Young people, who make up 60 per cent of Commonwealth citizens, are on the frontline of the climate crisis, living mostly in areas prone to extreme weather events.
“As a result, many are facing job losses, displacement, health issues and educational setbacks. In the face of adversity, the resilience of young people shines through as they harness their drive and talent to lead on powerful climate solutions.”
She added: “This report reveals the dire need to scale up financial support for young people and prevent them from being stuck in the vicious cycle of chasing funds. We must work together with young people to address the barriers they face in accessing climate finance and support them in scaling contributions to meeting climate targets. This is essential to our belief that youth-led action is integral to our pursuit for a sustainable future for all.”
During the event, participants shared their experiences on accessing climate finance, upskilling and leveraging technology to empower youth-led efforts in tackling the challenges posed by climate change, while examining ways to maximise existing opportunities.
By: Michael Mike
Zambia’s Minister of Green Economy and Environment, Collins Nzovu said: “The future belongs to the children, and we should do everything possible to ensure we leave a liveable climate for them. We realise we need to pass the baton of leadership to the youth. We are increasing our support to the youth to take leadership which demonstrates our unwavering support for the Commonwealth Year of the Youth.”
He urged youth to use their energy, presence, connections and innovation to drive the change needed to save the planet.
In his remarks, Naipote Tako Katonitabua, Fiji’s Ambassador to the United Arab Emirates, said: “The world is facing unprecedented impacts of climate change the global stocktake has shown us how far behind we are in our climate ambitions.”
“We need dramatic actions to benefit our climate and we need them now,” adding that: “Youth inclusion at all levels in climate action including at political level is necessary to ensure the sustainability of our efforts.”
Research Director at YOUNGO’s Finance and Markets Working Group, Sheen Tyagi said: “The seeds of environmental resilience are sown in the passion and innovation of youth. Investing in youth-led climate projects is not just an investment in the future; it’s a commitment to safeguarding our planet.”
She added that: “Climate finance directed towards our projects is the imperative bridge between aspirations and actionable change. The currency of change lies in climate finance for the youth, and to ensure a sustainable tomorrow, we need the unwavering support of governments, institutions, the private sector, communities, and every individual.”
During the event, Senior Director at the Commonwealth Secretariat’s Economic Youth and Sustainable Development, Dr Ruth Kattumuri announced this year’s winners of the Commonwealth Sustainable Energy Transition Award.
Bangladesh’s Areebah Armin Ahsan and Pakistan’s Sarah Shahbaz Khan received awards for their outstanding short stories: ‘Tragedy to Triumph: Biogas in Daria Nagar’ and ‘Mud-coated Walls and Sandy Dunes’, respectively.
In the category of the best technical solution, Uganda’s Michael Okao, Darius Ogwang and Joshua Elem were recognised for their solar concentrator that harnesses renewable energy for clean cooking.
Nigeria’s Michael Chiangi Gbagir won the best educators award for his initiative ‘EcoPower Adventure’, which engages different communities through interactive learning activities, such as energy scavenger hunts.
According to the statement by the Commonwealth Secretariat, The ‘Availability of Climate Finance for Youth’ report will inform the Commonwealth Secretariat’s ongoing work, especially its Commonwealth Climate Finance Access Hub, which has supported small and vulnerable countries to access about $322 million of climate finance for projects to mitigate and adapt to the impacts of climate change.
Commonwealth Report: Young People Are Unable to Adequately Access Funds Needed to Tackle Climate Change
News
Gunmen abduct 15 passengers, kill one in Benue
Gunmen abduct 15 passengers, kill one in Benue
By: Zagazola Makama
Armed men dressed in military uniforms have abducted 15 passengers and killed one person during an attack on a commercial bus in Okpokwu Local Government Area of Benue State.
Sources confirmed on Tuesday that the incident occurred on Sunday at about 7:30 p.m. at Ado-Okpoga, along the Oju–Ado-Ekiti route.
The sources said the bus, a Hummer vehicle driven by one Gbenga Peter, 35, was travelling from Oju LGA in Benue to Ado-Ekiti in Ekiti State with 23 passengers on board when it was intercepted by nine armed men.
“On reaching Ado-Okpoga, the bus was attacked by nine unknown armed bandits wearing army uniforms. Fifteen passengers were abducted into the bush,” the sources said.
During the нападение, one passenger, identified as Idiku Meshak Ogbete, 22, was shot dead. The driver and eight other passengers managed to escape and later reported the incident at Okpokwu Police Station.
The Divisional Police Officer (DPO) in Okpokwu was said to have immediately mobilised patrol teams alongside other tactical units, including Operation Whirl Stroke, the Benue State Civil Protection Guards and other security agencies.
“The corpse of the deceased has been removed and deposited at the mortuary in Okpoga. A coordinated search of the surrounding bushes is ongoing to track the suspects, effect arrests and rescue the abducted victims,” the sources added.
Gunmen abduct 15 passengers, kill one in Benue
News
Lagos Moves to Build West Africa’s Leading International Financial Centre
Lagos Moves to Build West Africa’s Leading International Financial Centre
By: Michael Mike
Lagos State has taken a major step toward repositioning Nigeria as a global investment destination with the unveiling of a comprehensive roadmap to establish a Lagos International Financial Centre (LIFC), envisioned as the leading financial hub in West Africa.
The roadmap is contained in a new report titled “Establishing an International Financial Centre in Lagos (LIFC), Nigeria”, produced by TheCityUK in collaboration with the UK Government, Lagos State Government, the Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR. The report was formally launched at the State House, Marina, Lagos.

The high-level event attracted senior government officials, diplomats, and private sector leaders, including Lagos State Governor Babajide Sanwo-Olu, British Deputy High Commissioner to Nigeria Jonny Baxter, EnterpriseNGR Chairman Aigboje Aig-Imoukhuede, and EnterpriseNGR Chief Executive Officer Obi Ibekwe.
The initiative is aligned with Nigeria’s Agenda 2050 and the Lagos State Development Plan 2052, positioning the LIFC as a long-term catalyst for economic transformation. According to the report, the proposed financial centre will deepen capital markets, mobilise international investment, drive innovation, and support sustainable economic growth across Lagos, Nigeria, and the wider West African region.
The report underscores the importance of strong public-private collaboration, noting that Lagos’ demographic advantage, expanding financial ecosystem, and strategic location make it well-suited to host an international financial centre that meets global standards.
One of the report’s core recommendations is the creation of an independent IFC framework for Lagos. This model would provide regulatory certainty, simplified tax and policy regimes, and a transparent governance structure aimed at improving investor confidence and enhancing Nigeria’s competitiveness in global finance.
To differentiate Lagos from other emerging financial centres, the report identifies three priority sectors for initial focus: green and sustainable finance, fintech and financial innovation, and commodities trading and capital markets. These sectors are considered critical to Nigeria’s future economic diversification and resilience.

The report also highlights the need for robust legal and regulatory reforms, calling for close coordination between Lagos State, the Federal Government, regulators, and the private sector to ensure smooth implementation of the LIFC vision.
Human capital development is another key pillar of the strategy. Recommendations include strengthening local talent pipelines, easing visa requirements for international professionals, and creating an enabling environment that supports skills transfer and high-value job creation for Nigeria’s growing youth population.
In addition, the report proposes competitive and targeted tax incentives, streamlined business processes, and investment-friendly policies designed to attract long-term capital aligned with national development priorities.
Speaking at the launch, Governor Babajide Sanwo-Olu reaffirmed Lagos State’s commitment to the project, describing the International Financial Centre as essential to boosting market competitiveness and facilitating seamless trading.
“Lagos is Nigeria’s largest economic and financial centre, and we must create an ecosystem that attracts investment, improves liquidity, and strengthens market infrastructure,” the governor said, adding that the LIFC would unlock new opportunities for public-private partnerships in technology and capital market development.
British Deputy High Commissioner Jonny Baxter said the report reflects the deepening UK-Nigeria partnership, combining Lagos’ strengths with UK expertise to support financial sector development.
He noted that, if effectively implemented, the LIFC could unlock significant domestic and international investment, expand capital markets, create jobs, and promote sustainable growth beyond Lagos State.
Also speaking, TheCityUK’s Managing Director for International, Nicola Watkinson, described Nigeria as a high-growth market with strong long-term potential. She said the LIFC could play a vital role in attracting global capital, supporting fintech and green finance innovation, and creating high-value employment opportunities for young Nigerians.
With the launch of the report, stakeholders say the focus now shifts to implementation, as Lagos seeks to translate vision into action and establish itself as a globally competitive financial centre for West Africa.
Lagos Moves to Build West Africa’s Leading International Financial Centre
News
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
By: Michael Mike
As Valentine’s Day approaches, Transcorp Hilton Abuja is set to transform into one of the capital’s premier destinations for romance and social experiences, unveiling an all-inclusive lineup of activities designed for both couples and singles.

This was disclosed in a statement issued at the weekend by the hotel’s Communications and Marketing Manager, Ms Ijeoma Osuji, who said the iconic hospitality brand will host a three-day “Valentine Weekend Package” from February 13 to 15.
According to the statement, the experience is designed to cater to a wide range of guests, from long-term couples seeking a romantic getaway to individuals looking to connect and celebrate the season of love in a vibrant social setting.
For visitors seeking a complete escape, the hotel is offering a bespoke room package that combines luxury accommodation with carefully curated romantic add-ons, promising a serene retreat from the city’s bustle alongside world-class hospitality.
The weekend programme features a diverse mix of entertainment and lifestyle experiences. Among the highlights is the “Signature Couples Event,” a grand and intimate gathering featuring a specially curated Valentine menu, games, music, and comedy performances.
Guests can also look forward to “A Night of Humour,” a comedy showcase featuring top-tier entertainers, aand“Theatre Magic on Stage,” a specially curated romantic stage play designed to engage audiences through powerful storytelling and emotional connection.
For culinary enthusiasts, the hotel will host Dual Restaurant Experiences, with its signature outlets; Zuma Grill and Bukka Restaurant, offering exclusive Valentine-themed dining packages tailored to diverse tastes.
Breaking away from the traditional focus on couples, the hotel is also introducing a Poolside Party for Singles, providing a chic, lively atmosphere for Abuja’s social crowd to mingle under the stars, accompanied by music and refreshing cocktails.
To help guests capture lasting memories, professional couples’ photography sessions will also be available, allowing visitors to document their special moments against the hotel’s scenic backdrops.
“We wanted to create a weekend that wasn’t just a meal, but a memory,” the hotel’s management said in the statement. “Whether it’s through laughter at our comedy special or a beautiful moment captured during a photo session, our goal is to celebrate love in all its forms.”
Reservations for the Valentine Weekend Package are now open, with organisers confident that guests will experience a memorable, immersive celebration at what remains one of Abuja’s most vibrant social hubs.
Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience
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