PIMS-9900 Biodiversity Finance Plan Nigeria

About this project

The recent “Little Book on Investing in Nature” estimates the global annual biodiversity financing gap at US$700 billion. The CBD Panel of Experts on Resource Mobilization highlighted that implementation of the new biodiversity targets under the Global Biodiversity Framework (GBF) will require additional financial resources, increased resource efficiency, and a reduction of biodiversity-harmful financial flows. Reducing the biodiversity finance gap can only be achieved through transformative change across economies and society.To develop a clear picture of how to achieve the targets of the CBD’s GBF, a detailed assessment of the policy and institutional national context, a biodiversity expenditures review and financial needs are required as well as development and implementation of finance plans. CBD Parties face the following key barriers to sustainable financing of nature-positive policies and practices: (a) limited awareness, coordination, and capacity among national stakeholders to address gaps in biodiversity financing; (b) insufficient knowledge and systematic documentation of expenditure data relevant to biodiversity; (c) lack of systematic measurement and reporting of the negative impacts of finance contributing to biodiversity loss; (d) biodiversity finance needs are imprecisely defined and poorly understood; (e) limited knowledge, use and mainstreaming of country-specific biodiversity finance solutions; and (f) limited exchange and uptake of global best practices i…

Goals

Sustainable Development Goals this project works towards

• 8Decent Work and Economic Growth
• 14Life Below Water
• 15Life on Land

Published by

United Nations Development Programme · Multilateral

Countries

Nigeria

Sectors

Biodiversity

Funded by

Global Environment Fund Truste

Implemented by

UNDP

Accountable

UNITED NATIONS DEVELOPMENT PROGRAMME

Published by United Nations Development Programme to the International Aid Transparency Initiative (IATI), last updated 5 Oct 2026 and imported automatically. IATI identifier: XM-DAC-41114-PROJECT-01002191.

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