Shettima Advocates for $410 Billion Green Investment in Nigeria

Vice President Kashim Shettima called for urgent policy reforms and stronger public-private partnerships to attract both domestic and foreign investments into Nigeria's green infrastructure. Speaking at the second edition of the Decarbonising Infrastructure in Nigeria (DIN) Summit in Abuja, he stated that Nigeria requires approximately $410 billion in additional investment by 2060 to achieve its net-zero pathway.

Represented by his Deputy Chief of Staff, Senator Ibrahim Hadejia, Shettima emphasized that while the government plays a crucial role, it cannot provide all the necessary capital for the transition. He highlighted the importance of the private sector, development finance institutions, and properly prepared projects to attract investment.

The summit, organized by the Office of the Vice President with support from the National Council on Climate Change and UNIDO, focused on de-risking green infrastructure investment in Nigeria. Shettima noted that the key challenge is not just the availability of ideas but the ability to convert them into assessable and financeable projects.