Vice President Kashim Shettima has reaffirmed that President Bola Tinubu’s administration remains committed to implementing policies that safeguard Nigerians both at home and abroad.
Speaking ahead of the 30th session of the United Nations Climate Change Conference scheduled to hold in Brazil, Shettima announced that President Tinubu has approved the adoption of a National Carbon Market Framework as well as the operationalisation of the Climate Change Fund.
Representing the president, the vice president explained that the current administration is working to establish and coordinate Nigeria’s efforts to generate between $2.5 billion and $3 billion annually in carbon finance over the next decade.
He said this initiative would enable the country to achieve its climate targets by leveraging opportunities in the global carbon market and fostering greater stability within the nation’s climate ecosystem.
Shettima further stated that the Tinubu administration views climate change not only as an environmental challenge but also as a pathway to attract new investments, create employment, and promote innovation in Nigeria’s energy, agriculture, and industrial sectors.
He emphasised that President Tinubu, as chairman of the Climate Change Council, will prioritise climate action as a key component of the administration’s national development agenda.
He said, “Nigeria stands ready to take its rightful place as a global leader in climate action, ensuring that our voice and our reality are heard and respected in international negotiations. We will continue to champion policies that protect our people, strengthen our economy and position Nigeria as a destination for green investment and innovation,” Shettima said.
