President Bola Tinubu has urged key global financial institutions—like the World Bank, International Monetary Fund (IMF), and African Development Bank (AfDB)—to boost funding for climate initiatives. This call came through his Vice-President, Sen. Kashim Shettima, during a recent Climate Summit at the United Nations General Assembly in New York.
Tinubu emphasized that addressing climate change requires bold and ongoing leadership. He noted that Nigeria plans to secure between $20 to $25 billion for climate finance by 2030 through various innovative means, including green bonds and public-private partnerships.
The president wants international supporters to enhance financial aid, share knowledge, and provide technology that will help Nigeria and Africa effectively tackle climate challenges. He stated, “We aim to unlock at least $7 to $10 billion in grants and concessional finance from global partners.”
Nigeria is particularly vulnerable to climate impacts, making climate action essential. To attract investment in clean energy, the country has enacted significant domestic reforms. These include modernizing tax laws, reducing fossil fuel subsidies, and improving the business environment to encourage private investment.
In March 2025, Nigeria launched the Nigeria Carbon Market Activation Policy, aimed at creating a reliable framework for emissions reductions. Through this initiative, the country plans to generate up to $2.5 billion in carbon credits by 2030.
Tinubu also urged developed nations to meet their climate finance pledges, specifically the $100 billion annually promised under the Paris Agreement. He mentioned that Nigeria has updated its Nationally Determined Contributions (NDC 3.0) to show its commitment to greater ambition in addressing climate change.
This enhanced NDC includes not only mitigation but also adaptation measures aimed at protecting ecosystems and promoting inclusive growth. Targets include reducing the deforestation rate by 60% and pursuing initiatives to expand forest cover through reforestation.
Nigeria is also shifting towards cleaner energy in its manufacturing and industrial sectors, aiming for a balanced energy mix of renewable sources and natural gas as part of its roadmap to net-zero emissions by 2060.
The integration of health and climate action in the new NDC reflects Nigeria’s commitment to comprehensive climate governance. The country aims to implement climate-smart agriculture, targeting improvements in yield for five million smallholder farms by 2030.
Additionally, Nigeria plans to enhance infrastructure resilience, enabling climate-informed urban planning and restoration of natural habitats. These efforts are designed to lower climate-related damages and preserve biodiversity.
An important aspect of Nigeria’s approach is establishing the National Council on Climate Change (NCCC) to ensure effective governance and accountability in climate action.
In summary, Tinubu’s statements highlight a strong commitment to climate action that aligns economic growth with sustainability. The urgency for collective global effort is clear: combating climate change is not a choice but a necessity for Nigeria and the world. As challenges mount, the conversation around climate finance and action grows more pressing every day.
For more details on climate commitments and the Paris Agreement, check out this UNFCCC overview.
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climate action,International Monetary Fund (IMF),President Bola Ahmed Tinubu,UNGA 2025,Vice President Kashim Shettima,World Bank
