TINUBU UNVEILS CARBON MARKET POLICY TO UNLOCK $2.5 BILLION IN INVESTMENTS BY 2030
Written by Editor on April 25, 2025
President Bola Tinubu has announced that Nigeria’s newly finalised Carbon Market Activation Policy will unlock up to $2.5 billion in high-integrity carbon credits and associated investments by the year 2030.
Tinubu disclosed this in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, during a high-level virtual dialogue on climate and the just transition, co-hosted by UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva, ahead of COP30 to be hosted by Brazil.
The investment, Tinubu said, will position the country as a hub for climate-smart finance on the African continent.
This policy is backed by Nigeria’s commitment to updating its Nationally Determined Contributions (NDCs), with a comprehensive revision due by September 2025, aligned with the UN Framework Convention on Climate Change (UNFCCC).
