Nigeria Targets $30 Billion Annual Climate Finance
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Nigeria Targets $30 Billion Annual Climate Finance

Nigeria is positioning itself as Africa's climate finance hub with ambitious green investment targets. Here is what ESG investors need to know.

iMedia Editorial TeamESG IntelligenceJanuary 9, 20265 min read5 views

At the Abu Dhabi Sustainability Week 2026, President Tinubu outlined Nigeria's vision to become Africa's climate finance leader. With multiple green finance initiatives already in motion, the opportunity for ESG investors is substantial.

Current Green Finance Initiatives

Distributed Renewable Energy Fund

A $500 million fund managed by the Nigeria Sovereign Investment Authority (NSIA) to finance off-grid and mini-grid renewable energy projects across Nigeria.

World Bank Clean Electricity Programme

A $750 million programme to expand Nigeria's clean electricity generation capacity and improve grid reliability.

Climate Fund

A $2 billion fund announced to support climate adaptation and mitigation projects across key sectors.

Green Bond Programme

Nigeria's sovereign green bonds have been oversubscribed by 97.7%, demonstrating strong investor appetite for Nigerian green assets.

Investment Opportunities

Solar Energy

Utility-scale and distributed solar projects

Market Size: $10+ billion

Clean Cooking

LPG distribution and clean cookstoves

Market Size: $2+ billion

Electric Mobility

EVs and charging infrastructure

Market Size: $5+ billion

Sustainable Agriculture

Climate-smart farming practices

Market Size: $8+ billion

Regulatory Framework

Nigeria has established a comprehensive framework for green finance, including:

  • National Carbon Market Activation Policy
  • Green Bond Guidelines
  • Sustainable Finance Principles
  • Climate Change Act

I-STRATA Advisory

We connect ESG investors with vetted green projects in Nigeria. Our due diligence process ensures projects meet international sustainability standards while delivering competitive returns.

Tags

Climate FinanceGreen InvestmentESGRenewable EnergySustainability
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