The landmark decision, announced during a high-level meeting of the National Council on Climate Change chaired by Vice President Kashim Shettima, also restores full budgetary allocation to the Council—ensuring sustained funding for climate initiatives.

“Nigeria is ready for climate business,” Vice President Shettima declared, relaying the President’s directive. 

“These approvals signal to the world that we are open for green investment, job creation, and sustainable development.” 

The approved National Carbon Market Framework establishes a regulated system for carbon credit generation, verification, and trading allowing Nigerian entities in forestry, renewable energy, and agriculture to monetize emission reductions. 

The Climate Change Fund (CCF) will now operate with a clear business model, channeling revenues into adaptation projects, flood resilience, and clean energy transitions.

Climate experts hailed the move as a game-changer ahead of COP30 in Belém, Brazil (November 10–21, 2025), where Nigeria aims to secure international partnerships and financing.

Dr. Salisu Dahiru, Director-General of the National Council on Climate Change, confirmed that pilot carbon projects in reforestation and renewable energy are already underway, with the first credits expected in 2026.

“This is not just about meeting global obligations,” Dahiru said. “It’s about turning climate action into economic opportunity—creating green jobs, attracting foreign direct investment, and building resilience.” 

The approvals come amid growing climate impacts in Nigeria, including severe flooding in over 30 states this year. 

The restored Council budget will prioritize early warning systems, climate-smart agriculture, and urban green infrastructure.

International observers, including the World Bank and UN Climate Envoys, have welcomed Nigeria’s proactive stance, with sources indicating strong interest from European and Asian carbon buyers.