RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Presidential Trips During COP28 Climate Summit Cost Nigeria N69.22 Million

Victoria Attah by Victoria Attah
January 24, 2024
in Economy
Reading Time: 1 min read
A A
0
FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The State House, representing the Presidency, reportedly received a sum of N69.22 million for presidential trips related to the COP28 Climate Summit held in Dubai, UAE, in December 2023, according to data from GovSpend, a platform by BudgIT.

The COP28, or the 2023 United Nations Climate Change Conference, took place from November 30 to December 12, 2023, at Expo City, Dubai. President Bola Tinubu led the Nigerian delegation, departing on November 29 and returning on December 5, 2023.

AlsoRead

Is the World Underestimating Nigeria?

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation

Despite President Tinubu’s presence at the summit, GovSpend data revealed seven distinct payments made on December 7, 2024, for the same purpose of covering presidential trips and related expenses, fueling controversy over the perceived bloated entourage and delegates from Nigeria.

In addition, the 2024 approved budget allocates approximately N50 million for the upcoming COP29, scheduled for November 11-24 in Baku, Azerbaijan. This allocation is attributed to the National Council On Climate Change, an agency under the State House. The amount is marginally lower than the expenses incurred during COP28, suggesting a potential adjustment in response to public backlash.

The COP28 summit in Dubai drew attention due to the controversy surrounding the large Nigerian delegation, reportedly comprising 1,411 individuals. President Tinubu faced criticism for the substantial number of delegates, with the government insisting that only 422 were sponsored by public funds. The delegation included business leaders, environmentalists, climate activists, and journalists, as per the Senior Special Assistant to the President on Media & Publicity, Temitope Ajayi.

While the government claimed over $5 billion in commitments for climate action efforts from its participation in COP28, the upcoming COP29 raises concerns about balancing international representation with fiscal responsibility. As Nigeria navigates economic challenges, prudent spending in the face of global engagements becomes crucial, especially amid recent cuts in official travel expenditures. The government faces the task of justifying expenses related to these international summits amidst pressing national needs.

Tags: COP28Tinubu
Previous Post

Naira Rebounds to 900/$ at Official I&E Window After Days of Volatility

Next Post

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Related News

Exploring the data on multidimensional and monetary poverty in Nigeria.

Is the World Underestimating Nigeria?

by Stephen Akudike
May 21, 2026
0

For years, conversations about the future of global power have sounded familiar. China. The United States. India. Perhaps the European...

Airlines Implement Time-Saving Strategies for More Efficient Operations

Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

by Akpan Edidong
May 21, 2026
0

Dangote Petroleum Refinery & Petrochemicals has announced a significant reduction in the price of Jet A1 (aviation fuel), slashing it...

NEC Affirms CBN $3 Billion Loan for Naira Stability

CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation

by Jide Omodele
May 21, 2026
0

The Central Bank of Nigeria (CBN) has refuted allegations of aggressive intervention in the foreign exchange market, insisting that its...

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

Global Carbon Pricing Revenue Surpasses $107 Billion in 2025 – World Bank

by Victoria Attah
May 20, 2026
0

The World Bank has reported that revenues generated from carbon pricing mechanisms worldwide exceeded $107 billion in 2025, marking another...

Next Post
Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Exploring the data on multidimensional and monetary poverty in Nigeria.

Is the World Underestimating Nigeria?

May 21, 2026
Standard Chartered Bank Job Opening: Data Analyst

End Times : Standard Chartered to Cut Over 7,800 Jobs Worldwide Due to AI

May 21, 2026

Popular Story

  • NEC Affirms CBN $3 Billion Loan for Naira Stability

    CBN Denies Heavy Intervention in FX Market, Highlights Minimal Participation

    0 shares
    Share 0 Tweet 0
  • Is the World Underestimating Nigeria?

    0 shares
    Share 0 Tweet 0
  • End Times : Standard Chartered to Cut Over 7,800 Jobs Worldwide Due to AI

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Reduces Aviation Fuel Price to N1,650 per Litre

    0 shares
    Share 0 Tweet 0
  • Global Carbon Pricing Revenue Surpasses $107 Billion in 2025 – World Bank

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>