SBM Intelligence
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Persistent insecurity in Nigeria
- Spiralling inflation and poverty in Nigeria
- Supply chain disruptions
- Climate change impacts (floods, droughts, wildfires)
- Weaker Naira
- High farm input costs
- Political instability in several African countries
- Conflict in Sudan, Ukraine, Myanmar, Sahel region, and Israel-Hamas war
- Crude oil theft and infrastructural problems in Nigeria's oil sector
Mitigation Strategies
- Tinubu administration's efforts to improve oil production in Nigeria
- Cost-cutting and inflation management measures in Nigeria
- Dangote refinery's operation to reduce Nigeria's reliance on imported petroleum products
- Port Harcourt Refinery's resumption of operations
- Ghana's deal to restructure loans with official creditors
- IMF's lending boost to Kenya
- IMF's emergency financing for Mali
- Zimbabwe's launch of a new currency
- Various initiatives by the Nigerian government to address insecurity and attract investments
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Floods
- Droughts
- Wildfires
- Extreme heat waves