Nigeria has launched a new biodiversity financing programme aimed at attracting private‑sector investment to protect the nation’s forests, wetlands and other ecosystems.
Known as BIOFIN, the plan is intended to close a huge funding shortfall — part of a global effort to counter the roughly US$500 billion annual loss from global nature degradation.
Under the framework, the government will work with businesses, investors, and conservation groups to integrate biodiversity goals into national development and redirect private capital towards ecosystem conservation, sustainable land‑use, and habitat protection.
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Officials say the move will help secure water, food, medicine and livelihoods for rural communities, emphasising that “forests are more than trees,” and sustainable ecosystems are essential to Nigeria’s economic and environmental resilience.
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