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Nigeria is the ninth largest exporter of oil in the world. It receives more than $40 billion a year from oil, which is almost 90 percent of their export revenue. Today, billions of dollars of this export revenue goes to buying grain and wheat to feed its growing population.
Furthermore, Lubano emphasised Kenya’s ambitious commitment to achieving a 100% reduction in carbon emissions by 2030. This presents a significant export opportunity for African nations. He emphasised the need for capacity building by studying successful approaches in other jurisdictions.
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