Nigeria to Unlock $30bn Annually in Climate Financing — Tinubu
President Bola Tinubu has said Nigeria is set to unlock between $25 billion and $30 billion annually in climate change financing following the launch of a Climate and Green Industrialisation Investment Playbook.
Tinubu made the disclosure on Tuesday while speaking at the ongoing Abu Dhabi Sustainability Week (ADSW) in the United Arab Emirates (UAE). He said the initiative is designed to attract large-scale investments and position Nigeria as a key destination for climate-focused financing.
According to the president, the playbook reflects Nigeria’s determination to move beyond climate commitments to concrete action and measurable outcomes. He explained that the framework aligns climate initiatives with energy access, economic growth, job creation, and social inclusion, ensuring that environmental goals support national development priorities.
Tinubu noted that Nigeria’s approach emphasizes green industrialisation, clean energy transition, and climate-resilient infrastructure, while creating opportunities for private sector participation. He added that the country is committed to providing a stable policy environment that will encourage investors and development partners to support climate-related projects.
The president reaffirmed Nigeria’s commitment to global climate goals, stressing that climate action must also deliver tangible benefits for citizens, particularly in terms of employment, sustainable growth, and improved living standards.
The announcement has been welcomed by stakeholders as a major step toward mobilising climate finance and advancing Nigeria’s transition to a greener and more resilient economy.
