Nigeria sees annual revenues of up to $3Bn from carbon market push

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🗞️ Driving the news: Nigeria has launched a new carbon market framework aimed at generating up to $3 billion annually over the next decade
• President Bola Tinubu highlighted the policy's role in strengthening the country’s climate governance and attracting investment into low-carbon sectors during his address at the 2026 Abu Dhabi Sustainability Week

🔭 The context: The policy includes the establishment of a National Carbon Registry and a $2 billion Climate Change Fund, enhancing emissions reporting and verification
• The framework is designed to incentivize projects in forestry, renewable energy, clean cooking technologies, and agriculture, producing carbon credits for domestic and global trading

🌍 Why it matters for the planet: Nigeria’s carbon market push could become a significant player in the global carbon trading landscape
• It could boost the country’s role in the energy transition and driving investment into climate solutions
• The strategy also aims to make Nigeria a climate finance hub in Africa

⏭️ What’s next: Nigeria is set to expand its carbon credit generation and improve the quality of its carbon projects, opening up opportunities for international buyers
• The initiative is part of a broader push for green industrialization, which could unlock up to $30 billion annually in climate finance

💬 One quote: “Nigeria feels at the heart of development opportunity,” said President Bola Tinubu at the Abu Dhabi Sustainability Week

📈 One stat: Nigeria’s carbon market framework aims to generate between $2.5 billion and $3 billion annually over the next decade

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