/ Jul 04, 2026
/ Jul 04, 2026

Green Economy: Fed Govt targets $2.5b opportunities 

Published on

By

Federal Government is targeting $2.5 billion opportunities in Green Economy, it was learnt.

Vice President Kashim Shettima will, today, in Abuja inaugurate the committee directed by President Bola Tinubu to develop the Carbon Market Activation Plan.

The committee will guide development of a National Carbon Market Activation Plan to accelerate green growth and energy transition.

The Federal Government, supported by Africa Carbon Market Initiative (ACMI), will work towards implementation of a co-created blueprint at positioning Nigeria with requisite frameworks and policies to drive a sustainable carbon market ecosystem with $2.5 billion.

Tinubu had announced creation of the committee at COP28 in December, and appointed Executive Chairman o f Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and Director-General of National Council on Climate Change (NCCC), Dahiru Salisu, as co-chair.

Read Also:

Insecurity: Targeted $1tr economy in danger – Tinubu

The duo will be joined by representatives from ministries and departments as part of National Carbon Market Activation Plan Committee.

Members are to offer a roadmap for making Nigeria an attractive hub for investors by focusing on driving investments in innovative, green and sustainable initiatives across sectors.

The current Electric Buses Rollout Programme is an example of how government is committed to using carbon markets to finance development.

Speaking at COP28, President Tinubu said: “This initiative stands as a testament to our dedication to environmental stewardship as clearly exemplified through our collaboration with the Africa Carbon Market Initiative. Our visionary plan is a strategic guidepost, directing Nigeria towards becoming an investment-friendly destination for carbon market investments.”

Adedeji, Co-Chair of the National Carbon Market Activation Plan, said: “In the immediate term, Nigeria will proudly unveil a series of innovative, clean, modern, and sustainable initiatives across diverse sectors.

“These initiatives are strategically designed to not only address climate change-related challenges but also to position Nigeria as an attractive destination for global investments.”

You May Like

One thought on “Green Economy: Fed Govt targets $2.5b opportunities 

  1. You’ve made your stand extremely nicely.!
    casino en ligne fiable
    Cheers. Quite a lot of forum posts.
    casino en ligne francais
    Good write ups. Thank you!
    casino en ligne fiable
    You said it very well.!
    meilleur casino en ligne
    Incredible plenty of awesome info!
    casino en ligne
    Amazing postings. Appreciate it!
    casino en ligne France
    Cheers, I enjoy it.
    casino en ligne
    Well voiced of course! !
    casino en ligne France
    Great facts, Regards.
    casino en ligne
    Great content, Many thanks!
    casino en ligne fiable

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Femi Gbajabiamila amid controversy over the PFIPC fake agency scandal.

SGF office linked to PFIPC as fresh documents deepen fake agency scandal

Fresh documents have raised new questions over the Federal Government’s position on the controversial Presidential Foreign Investment Promotion Council (PFIPC), following revelations that the Office of the Secretary to the Government of the Federation processed official correspondence linked to the agency months before it was publicly declared fictitious.   According to an exclusive report by Punch Newspapers, official records show that the SGF’s office received and acted on a request for office accommodation submitted in the name of the PFIPC in November 2024. The request was reportedly submitted by the council’s self-styled Director-General, Adeniyi Adeyemi, who is currently facing criminal charges over allegations of forgery, impersonation and operating a non-existent government agency. Documents obtained by Saturday PUNCH showed that the request, dated November 7, 2024, was received by the SGF’s office on November 12 and later forwarded to the Economic and Financial Crimes Commission on November 21 for action. The correspondence, signed by Permanent Secretary of the General Services Office, Nnamdi Maurice Mbaeri, identified the PFIPC as one of three institutions seeking office accommodation from recovered Federal Government properties. In his request, Adeyemi described the PFIPC as a Federal Government investment promotion body tasked with attracting foreign direct investment, coordinating investment-related activities across ministries and positioning Nigeria as a preferred destination for investors. The latest development adds to ongoing controversy surrounding Adeyemi, who is accused of forging appointment documents allegedly bearing the signature of the Chief of Staff to President Bola Tinubu, Femi Gbajabiamila. The Federal Government has listed Gbajabiamila and 10 others as witnesses in the criminal case before the Federal High Court in Abuja. Prosecutors allege Adeyemi and two other suspects, currently at large, created and operated the PFIPC using forged presidential documents and official insignia to gain legitimacy. Investigators also alleged that Adeyemi operated 34 bank accounts, including accounts opened in the names of supposed government agencies, and held meetings with diplomats under the PFIPC banner. The Presidency has maintained that the PFIPC never legally existed. Presidential spokesman Bayo Onanuga recently described the agency as fictitious and defended the government’s position. However, the newly surfaced documents have intensified public scrutiny, with opposition parties, civil society groups and legal experts demanding an independent investigation into how the agency allegedly secured official recognition, staff approvals and budgetary allocations. Human rights lawyer Femi Falana has called for an independent probe into allegations surrounding both Adeyemi and officials linked to the matter, including claims involving accounts allegedly opened with the Central Bank of Nigeria. The Presidency has also vowed to investigate internal collaborators who may have enabled Adeyemi’s activities across government institutions. Presidential aide Temitope Ajayi said security agencies, including the EFCC, DSS and police, had been tasked with uncovering the full extent of the alleged network. The controversy continues to generate questions about oversight failures within government institutions and how the alleged scheme operated for months before being exposed.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.