Nigeria's Federal Government Targets $237 Billion for Green Transition

The Federal Government of Nigeria announced a requirement of approximately $237 billion to finance climate mitigation and adaptation measures from 2026 to 2030. Minister of Environment Balarabe Abbas-Lawal, represented by Dr Inyogwa Adeleye, made this statement at the Climate Change and Circular Economy Africa 2026 conference in Abuja.

The government urged the private sector, investors, and innovators to view this funding need as an opportunity for economic transformation and job creation. The minister highlighted the necessity of transitioning to a circular and climate-resilient economy, which could unlock new industries and attract investments.

He identified key areas for investment, including renewable energy, sustainable agriculture, and waste management. Zigwai A.

Fanda, the conference convener, emphasized that the $237 billion should be seen as a catalyst for developing new businesses and technologies in Nigeria. Senator Ireti Kingibe noted the potential to unlock a $15 billion circular economy market, creating sustainable jobs across various sectors.