President Bola Ahmed Tinubu has approved the full rollout of Nigeria’s carbon market framework, a policy projected to generate at least $3 billion annually by 2030. The approval positions Nigeria to play a stronger role in global carbon trading while advancing its climate and sustainability goals.
According to the Presidency, the framework will enable large-scale trading of emission allowances across critical sectors of the economy. It includes the creation of a national carbon registry, mandatory emissions reporting for companies, and phased compliance measures aligned with Nigeria’s climate targets.
The policy supports Nigeria’s commitment to emissions reduction by 2035 and net-zero emissions by 2060. To attract investors, the government will grant tax exemptions on carbon-credit revenue for up to 10 years, accelerated capital allowances for low-carbon assets, and research incentives for emissions-reduction projects.
Officials say the framework removes long-standing structural risks, strengthens investor confidence, and positions Nigeria as a climate-smart economy capable of attracting global green finance.
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