President Bola Ahmed Tinubu has approved Nigeria’s National Carbon Market Framework and activated the Climate Change Fund as the country positions for major climate financing ahead of the UN Climate Change Conference (COP30) in Brazil.
The move aims to unlock an estimated $2.5–$3 billion annually in carbon finance over the next decade to support Nigeria’s climate transition plans.
Vice President Kashim Shettima, representing the President at the second Council meeting of the National Council on Climate Change (NCCC) at the Presidential Villa, Abuja, said the approvals were part of efforts to secure Nigeria’s place in the global carbon economy.
“Addressing climate change is not just an environmental imperative but an opportunity to unlock new investments, jobs and innovation,” Tinubu said, insisting Nigeria is ready to take a leading role in global climate action and negotiations.
Tinubu emphasized that climate action remains central to his administration’s development strategy, pledging continued support for green investments and policies that boost economic growth.
NCCC Director-General Omotenioye Majekodunmi, who presented the framework, said the approvals position Nigeria to access new rounds of international climate finance and strengthen its competitiveness in the emerging global green economy.
Finance Minister Wale Edun backed the move, announcing plans for a quarterly Climate Finance Tracking Dashboard to support transparency and ensure Nigeria maximizes funding opportunities.
With COP30 set for Belem, Brazil in 2025, officials say the decisions will help shape Nigeria’s global climate diplomacy and bolster confidence in the country’s commitment to clean, resilient growth.
