NSIA Leads Nigeria's Carbon Market Development Efforts

The Nigeria Sovereign Investment Authority (NSIA) plays a crucial role in establishing Nigeria's carbon market, which is still in its early stages. Appointed to the intergovernmental committee for Nigeria’s Carbon Market Activation Plan, NSIA is also part of the One Planet Sovereign Wealth Fund Initiative.

It has invested an initial $50 million through Carbon Vista, a joint venture with global energy trader Vitol, focusing on carbon avoidance and removal projects across various sectors, including infrastructure, agriculture, and energy. NSIA's efforts have garnered international acclaim, being named Sovereign Wealth Fund of the Year at the Sustainable Investment Awards in 2025 and achieving a perfect score on the Global SWF Governance, Sustainability and Resilience Scoreboard.

Additionally, NSIA has been accredited as a Direct Access Entity of the Green Climate Fund, enhancing Nigeria's access to global climate financing. The federal government's Carbon Market Activation Policy estimates potential generation of 87 to 125 million tonnes of carbon credits.