Nigeria’s Bank of Industry (BOI) has received its first project endorsement from the Adaptation Fund Board, opening a new avenue for the country to access international climate adaptation finance through a public development bank. The endorsement was announced as the Board approved $98.8 million for new climate adaptation projects at the conclusion of its 47th meeting on October 23, 2026. The Fund also established a target to mobilise at least $1.2 billion between 2026 and 2029 to meet rising demand for adaptation funding. The approval expands cooperation between the Adaptation Fund...