Elaeis guineensis standing unplanted in Indonesia, tropical hardwood forests are being cleared for palm oil plantations. Furthermore, as the remaining unprotected lowland forest dwindles, developers are looking to plant peat swamp land, using drainage that begins an oxidation process of the peat which can release 5,000 to 10,000 years worth of stored carbon. Drained peat is also at very high risk of forest fire. There is a clear record of fire being used to clear vegetation for oil palm development in Indonesia, where in recent years drought and man-made clearances have led to massive uncontrolled forest fires, covering parts of Southeast Asia
Nigeria and the World Bank to speed. In July 2018, The World Bank decided to extend its Country Partnership Strategy with Nigeria until June 30th 2019. In doing so, 7 new projects worth $2.1 billion were approved to start in Nigeria. These projects will be carried out through multiple IDA credits. The main focus of these projects is on key sectors that will lead to economic growth and stability in the upcoming years alongside the Economic Recovery and Growth Plan (ERGP).Through this, the already existing Nigeria Erosion and Watershed Management Project (NEWMAP) was also funded with $400 million to reduce and work against soil and