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Climate Change May Cost Nigeria $460bn by 2050

The Minister of Environment, Mrs. Amina Mohammed, yesterday stated that climate change may cost the nation as much as $460 billion, or 30 per cent of its GDP, by 2050.

She lamented that the impacts of the phenomenon were daily threatening the livelihoods of everyday Nigerians, with 70 per cent of Nigeria’s population relying on climate-sensitive activities for their income such as rain-fed farming and fisheries.

Mark Fischer

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