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NIGERIA LAUNCHES ITS CARBON MARKET FRAMEWORK Nigeria has officially launched its Carbon Market Framework, marking a major step in the country’s climate action agenda and positioning it as a key player in the global green economy. The announcement was made during the Abu Dhabi Sustainability Week, a leading international platform for climate innovation and investment. The National Council on Climate Change (NCCC), led by Director General Mrs. Omotenioye Majekodunmi, said that the framework establishes a clear regulatory and institutional structure for carbon trading in Nigeria. This structure enables both local and international investors to fund and develop climate-smart projects, earning carbon credits while promoting sustainable development. Mrs. Majekodunmi hailed the development as a signal that Nigeria is now open for climate business, noting that the carbon market alone could attract over $3.8 billion in annual investment. For the Minister of Environment, Balarabe Abbas Lawal, Nigeria’s active participation at Abu Dhabi Sustainability Week reflects the Federal Government’s commitment to deepening international partnerships, particularly with the UAE, while prioritizing technology transfer, innovation, and local capacity building to strengthen clean energy, climate-smart agriculture, and resilient infrastructure nationwide. With this framework, Nigeria is set to turn climate action into economic opportunity, creating jobs, attracting investment, and driving sustainable development across the country.
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