President Bola Ahmed Tinubu has said Nigeria has launched a Climate and Green Industrialisation Investment Playbook aimed at unlocking between $25 billion and $30 billion annually in climate finance.
Tinubu spoke on Tuesday at the ongoing Abu Dhabi Sustainability Week in the United Arab Emirates.
He explained that the initiative reflects Nigeria’s resolve to move beyond climate ambitions to concrete delivery, while aligning climate action with energy access, economic growth, job creation and social inclusion.
He said Nigeria considers climate action a development opportunity rather than a burden, stressing that fair implementation requires predictable financing, accessible technology and strong capacity‑building support for developing countries.
The president listed measures already taken by Nigeria to strengthen climate governance, including the adoption of the National Carbon Market Activation Policy and the launch of a National Carbon Registry to improve measurement, reporting and verification systems.
He said the Electricity Act 2023 has laid the foundation for decentralised and inclusive energy delivery, enabling sustainable power supply to rural communities, off‑grid health facilities, schools and markets.
Tinubu also disclosed that the Nigeria Sovereign Investment Authority has launched a $500 million Distributed Renewable Energy Fund, while the World Bank is implementing a $750 million programme to expand clean electricity access to over 17.5 million people.
According to the president, Nigeria’s Climate Investment Platform targets $500 million for climate‑resilient infrastructure, while the National Climate Change Fund aims for a $2 billion capitalisation.
He noted that the ₦50 billion Sovereign Green Bond issued in 2025 attracted ₦91 billion in subscriptions, while the Lagos State Green Bond was oversubscribed by 97.7 per cent.
Tinubu said Nigeria’s Energy Transition Plan integrates energy access, climate mitigation, industrial growth and social development, with a target of achieving net‑zero emissions by 2060. He added that pilot electric mobility projects and national energy efficiency programmes are helping to reduce emissions, lower costs and stimulate green industrial development.
The president further highlighted Nigeria’s lithium reserves as critical for clean energy transition, calling for partnerships that will ensure local processing and value addition rather than raw extraction.
“Nigeria is ready for business. This has been demonstrated by the various reforms we have continued to pursue and in their tangible outcomes being reflected in the economy,” Tinubu said.
