Nigeria is betting on green finance to drive its energy transition with the president unveiling plans for a 2 billion climate fund on Tuesday, saying oversubscribed green bonds were proof of investor appetite.
Speaking at the Abu Dhabi Sustainability Week summit, President Bola Tinubu said Nigeria's Climate Investment Platform aimed to mobilise 500 million for climate-resilient infrastructure, while the National Climate Change Fund is targeting a 2 billion capitalisation to back projects that cut emissions and boost resilience.
Tinubu also announced that Nigeria and the United Arab Emirates had signed a Comprehensive Economic Partnership Agreement CEPA that aims to boost trade and investment across sectors including renewable energy, aviation, logistics, agriculture, digital trade, and climate-smart infrastructure.
