President Biden Signs First Agreement That Will Impact Nigeria State

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The incumbent and 46th President of the United States, Joe Biden, on Thursday January 21, 2022, announced that he had signed the "Paris Climate Agreement" - an accord geared to control global environment from toxic fossils.

Ex president Trump, in 2017, decried the Paris Climate Agreement, making U.S one of the largest oil and gas exporting countries.

"We're back in the Paris Climate Agreement"__President Biden wrote via his official Facebook account @President Joe Biden

This agreement will, definitely, affect all oil producing countries. However, the effect will be severe on some countries, including Nigeria, whose economy is closely tied to oil and gas as major source of export.

According to Carbon Brief report on Nigeria, it states:

"The country’s economy is closely tied to oil and gas exports. Profits from petroleum exports currently account for 86% of Nigeria’s total export revenue. The production of oil and gas in Nigeria has also been linked to steep societal inequalities and environmental disasters.

"Nigeria has one of the highest rates of energy poverty in the world and suffers from chronic power cuts. In its recent Covid-19 economic recovery plan, the government pledged to fix its worsening energy crisis through the rapid expansion of solar power. In a shock move, it also scrapped fossil fuel subsidies".

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"However, some national pundits are still advocating for Nigeria to close its electricity gap through the use of more fossil fuels, including the country’s largely untapped coal reserves.

"Climate change is having a large impact on Nigeria. Sharp increases in extreme heat are affecting the many millions of people without access to air conditioning or electricity and changes to precipitation threaten Nigeria’s largely rain-fed agricultural sector. Some suggest that climate change could fuel the risk of conflict in the north of the country.

"The government has pledged to reduce its greenhouse gas emissions by 20% by 2030, when compared to “business-as-usual” levels. This pledge rises to 45% on the condition of international support.__Carbon Brief Report

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