Nigeria has launched its Carbon Market Framework, taking a significant step in its climate action efforts and strengthening its role in the global green economy. The launch was announced at Abu Dhabi Sustainability Week, a major international gathering focused on climate solutions and investment.
The National Council on Climate Change, led by Director General Mrs. Omotenioye Majekodunmi, said the framework provides a clear system for regulating and managing carbon trading in Nigeria. It allows local and international investors to support climate-focused projects, generate carbon credits, and contribute to sustainable development.
Mrs. Majekodunmi said the launch shows that Nigeria is ready to welcome climate-related investment, adding that the carbon market could attract more than $3.8 billion each year. She noted that opportunities span renewable energy, clean cooking, reforestation, climate-smart agriculture, and sustainable infrastructure.
She also disclosed that since approvals began in October 2025, the country has received between 3,000 and 4,000 project applications, pointing to strong interest from investors in Nigeria’s carbon market.
Minister of Environment Malam Balarabe Abbas Lawal said Nigeria’s presence at Abu Dhabi Sustainability Week reflects the government’s focus on strengthening international partnerships, especially with the UAE. He added that the government is prioritizing technology transfer, innovation, and skills development to support clean energy, climate-smart agriculture, and resilient infrastructure.
With the new framework in place, Nigeria aims to turn climate action into economic gains by creating jobs, attracting investment, and supporting long-term sustainable growth across the country.
source: nationalupdate.ng
African Energy Council