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"Nigeria's Carbon Market Framework Set to Generate $3B Annually Under Tinubu"
President Bola Tinubu has launched Nigerias National Carbon Market Framework, aiming to generate $3 billion annually while preparing for the upcoming United Nations Climate Change conference.
- Under President Bola Tinubu, Nigerias National Carbon Market Framework is set to generate $3 billion annually, enhancing the countrys commitment to climate change mitigation.
- The newly approved framework includes the operationalisation of the Climate Change Fund and the restoration of the National Council on Climate Change in Abujas budget line.
- This initiative is strategically timed ahead of the 2025 United Nations Climate Change conference in Brazil, scheduled for November 10 to November 21, 2025.
Why It Matters
The establishment of Nigerias carbon market framework represents a significant step in global climate change efforts, aligning with international commitments and emphasizing the importance of carbon emission trading for economic growth and sustainability.