Nigeria bids to unlock carbon market billions
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
Nigeria is stepping up its commitment to sustainability and the domestic carbon economy after finalising its Carbon Market Activation Plan (CMAP), which aims to unlock between $736m and $2.5b through carbon market growth by 2030. The next stage of operationalising CMAP will be a dedicated carbon market regulatory framework, expected to be introduced in the second half of 2025. The ambition is to provide a clear and secure regulatory structure to encourage investment and accelerate market appetite. “Many corporates are still not aware of the opportunities in the carbon market and are not actively monetising carbon opportunities” Abayomi-Olukunle, Balogun Harold “Nigeria is actively pu
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