Nigeria to generate carbon trading by 2030 – Minister 

The Minister of Environment, Balarabe Abbas Lawal said Nigeria has the potential to generate millions of tons of carbon credits annually through reforestation, renewable energy and waste-to-energy initiatives by 2030.

The Minister said this while declaring a workshop open at the NAF Conference Centre in Abuja.

The minister, who was represented by Permanent Secretary in the ministry, Alh Mahmud Adam Kambari, added that the National Council on Climate Change (NCCC) convened a landmark of 2 day training workshop titled “Nigeria’s Carbon Market Activation Plan:  

“Nigeria’s Article 6 Framework & Implementation Design under the Paris Agreement” This intensive training, supported by the United Nations Development Programme (UNDP) and Neyen Consulting SL, marks a significant step towards operationalizing Article 6 of the Paris Agreement and establishing Nigeria as a leader in carbon market development.

Abbas highlighted the significance of carbon markets in achieving global climate goals and Nigeria’s ambitious Nationally Determined Contribution (NDC) targets.

According to the minister, hinges on international partnerships, capacity building, and targeted investments.

Nigeria’s growing commitment to emissions reduction was underscored by the Minister, citing the country’s updated NDC and participation in relevant climate initiatives.

Earlier in his remarks, the Director General of the NCCC, Dr. Salisu Dahiru, emphasized the strategic importance of Article 6 in achieving Nigeria’s ambitious Net Zero target by 2060.

“Market-based mechanisms, including a well-designed and implemented trading scheme, can be a powerful tool for reducing emissions,” he said.