Nigeria’s $2.5 Billion Plan to Fight Climate Change
President Bola Tinubu has reaffirmed Nigeria’s commitment to addressing the global climate crisis through decisive leadership, comprehensive energy reforms, and a market-oriented strategy.
During a high-level virtual dialogue co-hosted by the UN and Brazil in anticipation of COP30 on April 23, 2025, Tinubu highlighted the necessity for climate initiatives to enhance economic development rather than impede it. He presented Nigeria’s Energy Transition Plan (ETP), which aims for net-zero emissions to Fight Climate Change by 2060 across critical sectors and necessitates over $410 billion in investment.
In a statement from his Special Adviser on Information and Strategy, Bayo Onanuga, it was noted that the carbon credit initiative represents a significant move towards climate accountability and sustainable economic advancement. “This policy is projected to generate up to $2.5 billion by 2030 through high-integrity carbon credits and associated investments,” Tinubu remarked, emphasizing its capacity to foster green employment and broaden access to clean energy.
He also reported on the Global Climate Change Investment Fund, which is intended to mitigate risks associated with green infrastructure and support national priorities such as renewable energy mini-grids, e-mobility, and regenerative agriculture. Tinubu highlighted Nigeria’s role in the Mission 300 initiative, which aims to provide electricity to 300 million Africans by 2030, and pointed out the National Energy Compact as a standard for climate action in Africa. He urged global leaders to move beyond mere rhetoric and fulfill their collective commitments, asserting that “the time for climate action is not tomorrow; it is now.”
