President Bola Tinubu has urged world leaders to demonstrate unity, bravery, and ongoing dedication in tackling the intensifying global climate crisis, characterizing climate efforts as a crucial strategy instead of an obstacle to progress.
Addressing a high-level international dialogue on climate and the just transition via video link from Abuja on Wednesday, President Tinubu restated Nigeria’s commitment to pursuing an economic growth trajectory that harmonizes with environmental protection.
“The global climate emergency demands our collective, courageous, and sustained leadership,” he said. “For Nigeria, the urgency of this moment is clear: we view climate action not as a cost to development, but as a strategic imperative.”
The discussion was jointly led by UN Secretary-General António Guterres and Brazilian President Luiz Inácio Lula da Silva. This event aimed to generate enthusiasm for COP30, set to be hosted by Brazil. It gathered heads of state from 17 nations along with significant regional groups such as the African Union, ASEAN, the European Union, and the Alliance of Small Island States.
During the session, President Tinubu showcased Nigeria’s Energy Transition Plan (ETP), a strategic framework aimed at achieving net-zero emissions by 2060. The plan focuses on five key sectors – power, cooking, transport, oil and gas, and industry – and identifies a $410 billion funding requirement to meet its targets.
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“We are aligning our regulatory environment, fiscal incentives, and institutional frameworks to ensure that energy access, decarbonisation, and economic competitiveness proceed in lockstep,” Tinubu said, highlighting Nigeria’s leadership role in expanding access to sustainable energy.
He mentioned Nigeria’s involvement in the Mission 300 initiative—an ambitious program created in collaboration with the World Bank and African Development Bank—aimed at providing electricity to 300 million Africans by 2030. Additionally, he referred to Nigeria’s National Energy Compact, detailing policy changes, investment prospects, and quantifiable goals for clean energy and accessible cooking solutions.
Tinubu also declared the completion of the Nigeria Carbon Market Activation Policy, which aims to generate up to $2.5 billion by 2030 via the sale of high-quality carbon credits. He mentioned this initiative as an integral component of Nigeria’s larger plan for climate finance and market restructuring.
Moreover, he disclosed that Nigeria is in the process of updating its Nationally Determined Contributions (NDCs) as per the UN Framework Convention on Climate Change, with an updated version slated for submission by September 2025.
“Our climate strategy goes beyond just planning and regulations—it also involves reforms within the marketplace,” he stated.
We are striving to establish Nigeria as a leading hub for climate-conscious investments by establishing a Global Climate Change Investment Fund.
The fund aims at supporting green industrial zones, electric mobility infrastructure, sustainable farming practices, and small-scale renewable power grids in areas with limited access to such resources.
President Tinubu showed gratitude to Nigeria’s global allies, notably the United Nations and Sustainable Energy for All (SEforALL), for assisting in the development of Nigeria’s climate strategies.
“These partnerships are a shining example of the value of multilateral cooperation in climate delivery. We are prepared to collaborate, lead, and deliver – because we understand that the time for climate action is not tomorrow; it is now,” he said.
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