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NEWS: Coastal wetlands are unable to adapt to the rate of sea-level rise and are constrained by infrastructure

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Wetlands, precious ecosystems that shield coastlines, safeguard drinking water from saltwater contamination, and nourish diverse wildlife, face a dire threat from the accelerating pace of sea-level rise, driven by global warming. Wetlands have historically adapted to rising sea levels by expanding upward and inland. However, predictions indicate that the waterline will soon shift far too rapidly for wetlands to keep pace. Consequently, future decades may witness the tragic loss of these vital wetland ecosystems. Wetlands along coastlines have historically played valuable roles for people and wildlife, but are now facing the threat of sea-level rise. As temperatures rise, sea levels are rising at an accelerating rate, and wetlands are unable to keep pace by building upward and migrating inland. This is due to human-induced climate change and the burning of fossil fuels, which has warmed the oceans and melted glaciers. Sea levels are now rising at about 10 millimeters per year, and are
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NEWS: Nigeria’s construction industry to return to growth after painful year

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The Nigerian Construction industry decline in 2020 was caused by Covid-19 restrictions and a drop in demand for oil and gas, which accounts for 65% of government revenues.


According to economic analyst Global Data Nigeria’s construction market is due to increase 3.2% annually between 2022 and 2025, supported by state investment in the infrastructure and energy sector.

To oversee infrastructure investment, the government has created Infra-Co, a $2.7bn fund backed by the central bank, the Nigerian Sovereign Investment Authority and the Africa Finance Corporation.

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Growth will also be helped by the 2021 Appropriation Bill, which provides a road map for the country’s post-Covid-19 economic recovery.

A third factor in the passage of a Petroleum Industry Bill (PIB), whcih cuts taxes and increases production ceilings.

Dhananjay Sharma, GlobalData analyst, said: “The PIB augurs well for the Nigerian economy in general and the construction sector in particular, given delays in implementing key legislative reforms that have compounded problems for the sector, which is still suffering under the weight of OPEC+ output cuts and the impact of Covid-19.

“Nigeria’s oil and gas construction projects have a combined value of $140bn, of which $89bn relates to projects in the pre-execution stages. If all projects do proceed as planned and spending is evenly distributed over the construction phase, annual spending for 2021 is expected to be $8.2bn and could reach $25bn in 2023.”


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