FG Approves National Carbon Market Framework to Unlock 3bn Annually!
Reported by Marian Opeyemi Fasesan | Sele Media Africa
President Bola Tinubu has approved the establishment of a National Carbon Market Framework, a move aimed at positioning Nigeria as a key player in the global carbon credit ecosystem and attracting up to 3 billion annually in climate finance.
What We Know:
- The framework will regulate carbon credit generation, trading, and verification standards across sectors.
- The Climate Change Fund has also been activated to support green projects and community resilience.
- The National Council on Climate Change has been restored to the national budget line to enhance coordination and accountability.
Quote:
“This framework will catalyse investment, job creation, and environmental sustainability.”
— Minister of Environment, Balarabe Lawal
Why It Matters:
- Positions Nigeria to benefit from the growing global voluntary carbon market.
- Aligns with international climate goals, including the Paris Agreement.
- Could attract green investments, create jobs, and drive sustainable development.
What to Watch:
- Regulatory guidelines and how carbon credit certification will be managed.
- Private sector participation and global buyer interest.
- Implementation transparency and inclusion of local communities.
Sources:
- Federal Ministry of Environment Brief – Oct. 31, 2025
- National Council on Climate Change Circular
- Sele Media Climate Correspondent – Abuja Division
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