President Bola Tinubu has approved the adoption of a National Carbon Market Framework, the operationalisation of the Climate Change Fund, and the restoration of the National Council on Climate Change (NCCC) to the federal budget line.
The move aims to boost Nigeria’s participation in the global carbon market and attract billions in climate finance.
According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications (Office of the Vice President), the framework is expected to generate between $2.5 billion and $3 billion annually over the next decade to support climate goals.
The approvals followed a presentation by NCCC Director-General, Omotenioye Majekodunmi, at the Council’s second meeting held at the Presidential Villa, Abuja.
Represented by Vice President Kashim Shettima, Tinubu said the decision was part of efforts to position Nigeria as a key player in global climate finance ahead of the 2025 United Nations Climate Change Conference (COP30) in Belem, Brazil. He emphasized that tackling climate change offers economic opportunities for investment, innovation, and job creation across energy, agriculture, and industrial sectors.
Tinubu reaffirmed his administration’s commitment to climate action, pledging to integrate green policies into national development plans and make Nigeria a hub for sustainable investment and clean technology.
