Bola Tinubu Approves $3bn National Carbon Market Framework for Nigeria's Climate Commitments

Bola Tinubu, President of Nigeria, has approved the adoption of the National Carbon Market Framework to generate $3 billion annually for climate change initiatives. This move aims to position Nigeria as a leader in global climate finance ahead of COP30.

The framework is expected to unlock significant carbon financing over the next decade. The decision was made during a meeting at the Presidential Villa in Abuja, attended by Vice President Kashim Shettima and NCCC Director General Omotunde Majekodunmi.