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ANALYSIS: COP17: Top issues dividing, shaping ongoing negotiations in Mongolia

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It is the 10th day of the ongoing two-week negotiations at the 17th session of the United Nations Convention to Combat Desertification (UNCCD COP17), with the conference entering its final and most critical phase.

Wednesday has been designated Land and Indigenous Peoples Day at the conference venue in Ulaanbaatar, placing renewed attention on land restoration, Indigenous Peoples, pastoralists and local communities.

With less than 72 hours to the scheduled conclusion of negotiations on Friday, tensions and disagreements have emerged across the plenary and negotiation rooms as parties struggle to reach consensus on some of the key issues on the COP17 agenda.

The disagreements began early in the conference, with procedural and substantive differences among parties over several agenda items. Indigenous peoples, civil society organisations and young people have also raised concerns about their participation in the formal process, insisting that their voices must be heard in decisions that directly affect their communities and livelihoods.

COP17 in Mongolia

COP17 kicked off in Mongolia’s capital, Ulaanbaatar, on 17 August under the theme “Restoring Land. Restoring Hope” and is scheduled to conclude on 28 August.

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Cop17 logo at the COP venue in Mongolia (Photo credit: Abdulkareem Mojeed)
Cop17 logo at the COP venue in Mongolia (Photo credit: Abdulkareem Mojeed)

According to the United Nations, the conference brings together delegates from UNCCD’s 197 Parties, alongside government, business and civil society leaders, scientists, young people, Indigenous Peoples, pastoralists and smallholder farmers.

They are deliberating on solutions to the interconnected challenges of desertification, land degradation and drought, with a focus on how land restoration can reduce instability, prevent displacement and strengthen human and national security in vulnerable regions.

PREMIUM TIMES gathered that at least 60 delegates from Nigeria are expected to participate in the conference.

“Land is our most vital infrastructure — underpinning food security, water, livelihoods and stability. When land fails, insecurity rises — through lost livelihoods, forced displacement and increased competition over scarce resources,” UNCCD Executive Secretary Yasmine Fouad said.

L-R : UNCCD Executive Secretary, Yasmine Fouad, UN Deputy Secretary, Amina Mohammed and Battsetseg Batmunkh, COP17 President, who is also the Minister of Foreign Affairs of Mongolia. (Photo Credit: Abdulkareem Mojeed)
L-R : UNCCD Executive Secretary, Yasmine Fouad, UN Deputy Secretary, Amina Mohammed and Battsetseg Batmunkh, COP17 President, who is also the Minister of Foreign Affairs of Mongolia. (Photo Credit: Abdulkareem Mojeed)

“With UNCCD COP17, Mongolia is offering the world a powerful message: Restoring Land, Restoring Hope is not only an environmental agenda, but a development and resilience priority.”

She said that as drought intensifies and land degradation accelerates, the conference must promote practical, investable solutions, including restoring degraded land and soils and strengthening the land-water nexus, to enable communities to thrive.

According to the UNCCD Data Dashboard, approximately 11.96 per cent of Africa’s total land area was recorded as degraded in baseline reporting. In comparison, Nigeria reports roughly 23.41 per cent, or 21.07 million hectares, of its total land area as degraded.

In Nigeria, authorities have said more than 50 per cent of the country’s rangelands and grazing routes have been degraded, a development that has contributed to farmer-herder conflicts affecting communities across the country for decades.

Nigeria, alongside other African countries, is seeking progress towards a legally binding international instrument on drought management. The proposed instrument would establish a stronger framework for countries to anticipate, prepare for and manage drought.

Finance is another major issue. Nigeria’s focal point to the UNCCD has said increased financing is crucial to securing support for national needs, including implementation of the country’s climate and adaptation plans.

However, developments in the negotiating rooms indicate that parties remain divided over the scope and nature of the proposed drought framework, raising concerns that unresolved issues could be pushed to a future COP.

The major issues emerging from the negotiations so far include drought management and land degradation, finance, rangelands and pastoralists, Indigenous Peoples and local community participation, and procedural and geopolitical tensions.

Drought framework: Binding or voluntary?

Perhaps the most contentious issue is the push for a global framework or instrument on drought management.

African countries, small island developing states and other vulnerable countries have been advocating stronger international action, including a legally binding instrument.

However, some developed countries and other parties have expressed reservations about a binding agreement, citing concerns around its financial implications, implementation and the duplication of existing international frameworks.

The disagreement has raised the possibility that negotiations could extend beyond COP17 if parties fail to find common ground.

The UNCCD Deputy Executive Secretary, Andrea Meza, acknowledged the divergent positions during a press conference on drought.

The UNCCD Deputy Executive Secretary, Andrea Meza, and a Mongolian government official, during a press conference at COP17 in Mongolia (Photo Credit: Abdulkareem Mojeed)
The UNCCD Deputy Executive Secretary, Andrea Meza, and a Mongolian government official, during a press conference at COP17 in Mongolia (Photo Credit: Abdulkareem Mojeed)

“We’re in the middle of the negotiation and what we’re seeing is different positions,” she said.

“We’re hearing some positions that are saying this should be addressed as a local event and we’re just here to share certain experience, but this is more an issue that needs to be addressed at the national level.”

However, she said this was not the position of most parties.

“Most of the parties are recognizing that this is a global challenge, and it should require and bring global solutions.”

Ms Meza said she remained hopeful that countries would reach an agreement.

“Maybe we will not agree, but I’m hopeful that in this we will get an agreement because I feel, and I think that most of the countries, this year with Super El Nino, they’re facing a lot of challenges right now, and they cannot go back to their cities, to their constituencies, and say, uh, nothing is coming out as a negotiated outcome from this.”

She added that the negotiations were only one part of the solution.

“But as I was saying, more than just what happened in the negotiation is just one of the pieces. We also need the action.”

Finance and investment

The financing gap for land restoration and drought resilience is another major fault line.

Negotiators are grappling with how to translate years of commitments into finance and action on the ground, including operationalising funding pledged through initiatives such as the Riyadh Global Drought Resilience Partnership.

The UN estimates that trillions of dollars will be required by 2030 to restore degraded land and strengthen drought resilience.

Developing countries are demanding easier access to finance, simplified procedures and lower transaction costs, while there is also growing interest in blended finance and greater private-sector participation.

Ms Meza said financing must be mobilised at the scale required to respond to the growing drought threat.

“We also need to be mobilizing financial resources at the scale that is needed,” she said.

She pointed to initiatives including the International Drought Resilience Alliance and the Drought Investment Facility as mechanisms that could help mobilise resources and private capital.

The issue is particularly important for Africa, where governments face significant resource constraints despite the scale of land degradation, drought and desertification challenges.

Rangelands and pastoralists

Rangelands and pastoralist livelihoods have emerged as another central issue at COP17, particularly as 2026 has been designated the International Year of Rangelands and Pastoralists.

Negotiators and stakeholders are discussing sustainable management of grazing lands, customary and communal land tenure, sustainable livestock value chains and payment for ecosystem services.

For Mongolia, where pastoralism remains central to rural livelihoods, the issue is particularly significant.

The country’s experience also demonstrates how drought can trigger a chain of risks, from pasture shortages and livestock losses to food insecurity and inflation.

The Mongolian Parliament representative at the conference said the country must move away from a reactive approach to one that is preventative and resilient.

“Resilience is not a slogan, it has to build into a policy,” she said.

Indigenous Peoples and local communities

The participation of Indigenous Peoples and local communities has also become an important issue as negotiations enter their final stage.

Indigenous groups have expressed concerns about being excluded from formal decision-making processes despite their extensive traditional knowledge and their direct exposure to land degradation, drought and other environmental pressures. Some members of the group had a peaceful demonstration on Tuesday, expressing their grievances around the process so far.

Indigenous Peoples and local communities demonstration at COP17 venue in Mongolia (Photo Credit: Abdulkareem Mojeed)
Indigenous Peoples and local communities demonstration at COP17 venue in Mongolia (Photo Credit: Abdulkareem Mojeed)

Responding to a question from PREMIUM TIMES on how the concerns of Indigenous Peoples and local communities were being addressed, Meza said greater efforts were needed to ensure their voices were represented.

“Clearly, now more than ever, we really need to make sure that the different platforms to guarantee the voices, that we have, the voices of local communities and of the indigenous people. We need to have them and to be put in place.”

She described the creation of the Indigenous Peoples and Local Communities Caucus in Riyadh as a landmark development.

“This is why what happened in Ria, with the creation of the 2 indigenous peoples and the local community, Caucasus, was a landmark decision because it was to that, to guarantee that we can have the voices of these stakeholders and where they can bring their knowledge, their traditional knowledge, their solutions, but also their needs.”

But she stressed that representation must go beyond participation.

“What we need is also understanding very clearly that their needs, this needs to happen and to be operationalised.”

The UNCCD official explained that the uncertainties surrounding one blocked agenda item could affect progress on the caucuses, although negotiations were continuing.

“What we are seeing is that for many, many countries, it’s still very important to guarantee these spaces.”

She said the formal negotiating process was only part of the picture, arguing that partnerships outside the formal process were becoming increasingly important.

“Now more than ever, coalitions of the will, alliances, of different stakeholders that want to work together towards the same aim, and in this case, to build residents become more important.”

She pointed to the International Drought Resilience Alliance as an example of a platform where Indigenous Peoples and local communities could participate more meaningfully.

“Inside the International Drug Recedience Alliance, this issue of having countries and DOs, you know, a more diverse composition for that, to guarantee that the indigenous peoples and the local communities can really be there in the table, discuss possible solutions, and try to be part of the different technologies and solutions that are developed are so important.”

Her message, she said, was that resources and knowledge must continue reaching affected communities regardless of the outcome of the negotiations.

“And I think that this is the message. No matter what happened in the negotiation, we need to continue mobilizing resources to those communities, facilitating access to knowledge, to information.”

She also highlighted the International Drought Resilience Observatory as a potential tool for widening access to information and knowledge.

“The intention of having the international drug receiving observatory, for example, to have a friendly instrument that any person in whatever part of the world can have access to and can be learning and also sharing their knowledge, their information, there.”

“This is why we think it’s it becomes a more important and critical tool.”

Procedural and geopolitical tensions

Procedural disagreements have added another layer of complexity to the negotiations.

The conference opened with tensions surrounding a core agenda item concerning the post-2030 Future Strategic Framework, while disagreements have also emerged over agenda items relating to gender, civil society participation and synergies with other UN environmental conventions.

Some of these matters were provisionally deferred, drawing criticism from Indigenous Peoples and civil society groups that have called for stronger representation in the negotiating process.

The disputes highlight the wider geopolitical tensions affecting multilateral environmental negotiations and raise questions about how far parties are prepared to compromise to deliver a consensus outcome.

The road to Friday

With less than three days remaining before the scheduled conclusion of COP17, the pressure is now on negotiators to bridge their differences.

The outcome will have implications beyond the conference venue in Ulaanbaatar.

For Africa, where drought, land degradation, desertification and food insecurity are already threatening livelihoods, the stakes are particularly high.

READ ALSO: INTERVIEW: How UNCCD, FAO, World Bank back Nigeria’s fight against drought, land degradation — Official

For pastoralists and Indigenous Peoples, the negotiations could determine whether their traditional knowledge and land-use systems receive greater recognition in global policy.

For governments and development partners, the talks will test whether existing financial pledges can be translated into accessible resources for communities facing land degradation and drought.

And for the UNCCD, COP17 represents a critical test of whether the global community can move from declarations and commitments towards practical, adequately financed action.

As the UNCCD official put it, the challenge is no longer simply understanding the threat.

“More than just what happened in the negotiation is just one of the pieces. We also need action.”

With the conference scheduled to end on 28 August, the outcome of the negotiations could determine whether countries move towards stronger international commitments on drought or defer key decisions to a future COP.


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Business

Zenith, Fidson, NEM top stock pick this week

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Nigerian stocks slightly depreciated last week, sliding by 0.5 per cent as sell pressure on bank equities weighed on the main stock index.

All but the insurance index dropped out of the five sector indexes tracked by the Nigerian Exchange.

“Investor positioning ahead of Q3:2026 earnings should provide additional support, particularly as expectations build around the Tier-1 banks’ results,” analysts at Meristem Securities said in a note to investors ahead of the week.

“The ongoing impact of Nigeria’s FTSE Russell reclassification should also keep trading activity elevated and sustain interest in eligible large-cap stocks,” they added.

The release of companies’ Q3 earnings reports is expected to begin soon.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

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The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

READ ALSO: DN Tyre & Rubber, Greif Nigeria delisted from Nigerian Exchange

Zenith Bank

Zenith tops this week’s list for its strong fundamentals and for trading below its intrinsic value. The net profit ratio (NPR) of the lender is 21.8, while the price-to-earnings (PE) ratio is 5.3x. Its 14-day relative strength index (RSI) is 68.

Fidson Healthcare

Fidson appears on the pick on the basis of its attractive fundamentals. The NPR of the pharmaceutical company is 7.8, while the PE ratio is 18.8x. The 14-day RSI is 51.2.

NEM Insurance

NEM makes the selection for its strong fundamentals and for trading below its intrinsic value. The insurer’s NPR is 15.7, while the PE ratio is 5.6x. Its 14-day RSI is 43.2.

Stanbic IBTC Holdings

Stanbic IBTC makes the cut for its sound fundamentals. The NPR of the banking group is 34.5, while PE ratio is 5.9x. The 14-day RSI is 69.5.

Aradel Holdings

Aradel makes the cut for its sound fundamentals. The NPR of the energy company is 28.4, while the PE ratio is 8.7x. The RSI is 50.8.


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NAIPE 11th Annual Conference Moves to 12 Noon as 28 Stakeholders Back Event

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About 28 insurance and pension regulators and operators have backed the upcoming 11th edition of the Nigerian Association of Insurance and Pension Editors (NAIPE) Annual Conference, scheduled to hold in Lagos.

This is even as the timing of the event scheduled to hold on Thursday, October 8, 2026, at Oriental Hotel, Victoria Island, Lagos, has been shifted from 9:00am to 12:00pm same day.

This is to allow Insurance operators, who will be attending Insurers Committee meeting earlier that day, conclude their meeting and attend the conference.

The national conference with a focus on the emerging market dynamics in Nigeria’s insurance and pension sectors, follows  the just concluded recapitalisation exercise in the insurance sector and ongoing exercise in the pension industry.

Themed: “Post-Recapitalisation and Market Dynamics in Insurance & Pension Sectors,” the Chief Executive Officer of United Capital Asset Management Limited, Dr. Odiri Oginni, will deliver the keynote address, focusing on the insurance  perspective while Mr. Oguche Aguda,
Founder and Managing Partner of HRISP Partners, will equally deliver a paper on the theme, focusing on the pension perspective.

The Group Managing Director of Custodian Investment Plc, Mr. Wole Oshin, will chair the event.

According to NAIPE, the conference is coming at a critical period for the two sectors, as insurance operators have just concluded their recapitalisation exercise, while pension operators are expected to conclude theirs in 2027.

The high level discourse will therefore examine how funds raised through recapitalisation can be strategically invested and deployed to generate stronger returns, deepen market confidence and improve service delivery to shareholders and policyholders.

Expected dignitaries include the Commissioner for Insurance & Chief Executive Officer of the National Insurance Commission (NAICOM), Mr. Olusegun Omosehin; Director-General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran; chief executives of insurance companies, broking firms, investment and securities companies and Pension Fund Administrators (PFAs), as well as regulators, labour unions, students and other stakeholders.

Speaking ahead of the conference, Chairperson of NAIPE, Mrs. Ebere Nwoji said, the annual gathering provides a platform for insurance and pension journalists to contribute to the development of both sectors by promoting greater public understanding of insurance and pension as instruments for financial security and protection against old-age poverty.

Nwoji expressed appreciation to operators and regulators in the two sectors for their continued support for the conference, stressing that, the benefits derived from the annual event outweigh the resources committed to organising it.

She described this year’s theme as timely, given the significant structural changes taking place in the insurance and pension industries through recapitalisation.

She noted that, the insurance industry concluded its recapitalisation exercise on July 31, 2026, while the pension industry is currently undergoing a similar process expected to be completed next year.

The NAIPE chairperson, particularly, commended the leadership of NAICOM for successfully concluding the insurance industry’s recapitalisation exercise, describing it as a major achievement for Omosehin.

According to her, the Commissioner ‘took the bull by the horns’ in breaking what she described as the longstanding cycle of inconclusive recapitalisation exercises in the insurance industry.

She also expressed optimism that the pension industry, under the leadership of Ms. Omolola Oloworaran, would achieve a seamless and successful recapitalisation exercise.

“The conference would provide operators with an opportunity to gain insights into prudent and judicious investment of the capital raised through the recapitalisation process.

“I am confident that speakers at the event would provide practical perspectives on how insurance and pension operators can deploy their strengthened capital bases to deliver superior investment returns while enhancing value for investors, shareholders and policyholders” she affirmed.

Meanwhile, NAICOM, PenCom, SanlamAllianz, Veritas Kapital and 24 others have offered their support and partnership towards the conference.

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