Ahead of the 2025 United Nations Climate Change Conference (COP 30) scheduled to be held in Brazil, starting from Monday, November 10 to Friday, November 21, 2025, President Bola Tinubu on Friday announced the approval of the adoption of a National Carbon Market Framework, the operationalisation of the Climate Change Fund, and the restoration of the National Council on Climate Change to the budget line to unlock $3bn annually from the framework.
The Senior Special Assistant to the President on Media and Communications (Office of the Vice President), Stanley Nkwocha made this disclosure through a statement issued in Abuja on Friday.
“The goal is to establish and manage Nigeria’s participation in carbon markets, enabling the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals”, Nkwocha said in the statement.
According to the statement, the approvals, followed a presentation by the Director General of NCCC, Mrs Omotenioye Majekodunmi, at the second meeting of the Council held on Thursday evening at the Presidential Villa, Abuja.
Tinubu, who was represented by Vice President Kashim Shettima, said the approvals were part of measures by his administration to properly position Nigeria to leverage opportunities in the global carbon market and be more active in climate change ecosystem.
According to Nkwocha in the statement, Tinubu also set the agenda for Nigeria ahead of the forthcoming 30th United Nations Climate Change Conference (COP 30) scheduled for Belem, Brazil, saying the focus is to harness all of the opportunities for financing climate-resilient projects and related interventions, particularly from the global carbon market.
Tinubu said his administration recognises the fact that addressing climate change is not just an environmental imperative but an opportunity to unlock new investments, jobs, and innovations across the nation’s energy, agriculture, and industrial sectors.
“Nigeria stands ready to take its rightful place as a global leader in climate action, ensuring that our voice and our reality are heard and respected in international negotiations.
“We have demonstrated this commitment through our active participation in the UNFCCC process, our progress towards implementing our nationally determined contributions, and our efforts to mobilize climate finance for adaptation and mitigation across all levels of government.”
Tinubu assured that as chairman of the Council, Climate action will continue to be prioritised in his administration’s development agenda.
“We will continue to champion policies that protect our people, strengthen our economy, and position Nigeria as a destination for green investment and innovation”, he said.
The Director-General of the National Council on Climate Change and Secretary to the Council, Mrs. Omotenioye Majekodunmi, earlier in her remarks, informed the council, chaired by Shettima, who represented Tinubu, that the meeting was timely.
According to Majekodunmi, the deliberations and decisions of the council would shape how Nigeria is perceived globally and determine how effectively the country can mobilize support to achieve its climate goals.
