Now Reading: Tinubu’s Carbon Market Policy to Unlock $2.5bn by 2030
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Tinubu’s Carbon Market Policy to Unlock $2.5bn by 2030
In a visionary stride toward climate leadership, President Bola Tinubu announced on April 24, 2025, that Nigeria’s Carbon Market Activation Policy, finalized in March, is set to unlock $2.5 billion in high-integrity carbon credits and investments by 2030, positioning the nation as Africa’s climate finance hub.
Speaking at a global climate dialogue, Tinubu outlined the policy’s alignment with updated Nationally Determined Contributions (NDCs), due September 2025, per Nairametrics. This ambitious framework, backed by the UN and Sustainable Energy for All, aims to electrify 300 million Africans by 2030 via the Mission 300 initiative, with Nigeria as an anchor nation.
The policy introduces fiscal incentives and regulatory reforms to attract green investments, targeting sectors like clean energy and reforestation. Tinubu unveiled plans for a Global Climate Change Investment Fund, blending public and private capital to de-risk projects, per Investors King.
Nigeria’s 26% inflation and 46% poverty rate, per the World Bank, underscore the urgency of sustainable growth. The dialogue, attended by leaders from the African Union and EU, emphasized Nigeria’s role in global climate action, despite its coal-heavy past, akin to Indonesia’s 66% coal reliance, per E3G.
