• Says GDP could shrink by as much as 6.8% by 2050 without adaptation measures
•Seeks $94.6bn investment in climate resilience, low-carbon growth by 2030
Emmanuel Addeh in Abuja
The World Bank Group has warned that climate change could push an additional 5.1 million Nigerians into poverty by 2035 and reduce the country’s Gross Domestic Product (GDP) by as much as 6.8 per cent by 2050 if urgent adaptation measures are not implemented.
The warning was contained in the World Bank Group Nigeria Country Climate and Development Report (CCDR), which painted a stark picture of the economic and social risks facing Africa’s largest economy as rising temperatures, floods, droughts, coastal erosion and other climate-related shocks increasingly threaten livelihoods, infrastructure and productivity.
