Nigeria Targets $25bn Climate Finance by 2030 to Boost Climate Action

Nigeria, through the Nation Council on Climate Change (NCCC), targets $25 billion in climate finance by 2030 to address climate issues. The director-general, Omotenioy Majekodunmi, revealed the country's ambitious plans, including submitting a carbon market framework for approval.

Nigeria's NDC3.0 sets clearer targets for emission reduction, deforestation, and renewable energy adoption. The country aims to mobilize funds through green bonds and partnerships to promote technology transfer and climate action.

Nigeria's commitment will be showcased at the UNFCCC COP30 in Brazil in 2025.