Nigeria has unveiled plans to establish a $2 billion National Climate Change Fund as part of a broader strategy to mobilize large-scale climate finance and accelerate the country energy transition.
Strategic Climate Initiative
President Bola Ahmed Tinubu announced the initiative at the Abu Dhabi Sustainability Week, highlighting strong investor appetite for Nigeria green finance instruments. The Fund will support projects that reduce emissions, expand renewable energy, and strengthen climate resilience, while aligning with Nigeria Energy Transition Plan, which targets net-zero emissions by 2060 alongside universal energy access.
Investment Platform
Complementing the Fund, Nigeria has launched a Climate Investment Platform aimed at mobilizing $500 million for climate-resilient infrastructure. Priority areas include flood control, water systems, transport resilience, and urban adaptation, with the platform structured to attract long-term capital from pension funds, insurers, and institutional investors.
Green Bond Success
Investor confidence has been reinforced by strong demand for Nigeria green bonds. A sovereign green bond issued in 2025 attracted significant oversubscription, while Lagos State green bond was oversubscribed by nearly 98%, showing strong investor appetite for climate-aligned Nigerian assets.
Business Implications
The climate finance push creates opportunities for businesses in renewable energy, sustainable infrastructure, and green technology. I-STRATA can help companies navigate the regulatory landscape and connect with relevant stakeholders in Nigeria growing green economy.