AFDB to support Great Green Wall initiative with $6.5bn

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By: AgroNature Admin

The African Development Bank (AfDB) on Monday disclosed plans to support the Great Green Wall initiative with $6.5 billion over the next five years.

The Great Green Wall or Great Green Wall of the Sahara and the Sahel is Africa’s flagship initiative to combat desertification, led by the African Union.

This was disclosed by President of the AfDB, Dr Akinwumi Adesina at the One Planet Summit hosted by France and the United Kingdom today.

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The GGW’s plan is to plant an 8,000 km long and 15 km wide mosaic of trees, grasslands, vegetation and plants across the Sahara and Sahel.

This is aimed at restoring the degraded lands and boost the production of adequate food, create jobs and promote peace in the region.

Addressing the summit virtually from Abidjan, Adesina said the Great Green Wall was part of Africa’s environmental defence system, “a shield against the onslaughts of desertification and degradation”.

“I am therefore pleased to announce that the African Development Bank will mobilise 6.5 billion dollars in support of the Great Green Wall over the next five years.

“Without the Great Green Wall, in the face of climate change and desertification, the Sahel may disappear.

“By building the Great Green Wall, we will secure the Sahel, reduce climate change, reduce migration and improve the lives of people.”

He said the wall was one worth building adding that it would contribute to the integration of people in the continent and globally.

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The president said the $6.5 billion would be made available through a range of programmes by drawing on internal as well as external sources of funding.

The sources include the Sustainable Energy Fund for Africa (SEFA) and the Green Climate Fund (GCF), among others.

Also, multilateral development partners joined the bank in the pledge to fund for the African-led initiative.

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The initiative brings together more than 20 countries, including Algeria, Burkina Faso, Benin, Chad, Cape Verde, Djibouti, Egypt, Ethiopia, Libya, Mali, Mauritania, Niger, Nigeria, Senegal, Somalia, Sudan, The Gambia and Tunisia.

(NAN)

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