Korede Abdullah 
President Bola Tinubu
LAGOS, Nigeria – President Bola Ahmed Tinubu approves the full rollout of Nigeria’s carbon market framework, a climate policy projected to generate at least $3 billion annually by 2030.
The approval was disclosed on Thursday by the President’s Special Assistant on social media, Dada Olusegun, via his verified X handle, describing the move as a decisive step toward positioning Nigeria as a major player in global carbon trading.
According to the disclosure, the framework enables large-scale trading of emission allowances across key sectors of the economy, creating new revenue streams while strengthening Nigeria’s climate commitments.
Under the policy, the Federal Government will establish a national carbon registry, enforce mandatory emissions reporting and introduce phased compliance measures aligned with Nigeria’s climate targets.
The framework sets interim emission-reduction milestones for 2035 and commits the country to achieving net-zero emissions by 2060.
To attract investors, the government offers incentives including tax holidays of up to 10 years on carbon-credit income, accelerated capital allowances for low-carbon investments and research and development deductions tied to emission-reduction projects.
Officials say the incentives are designed to remove long-standing barriers that have slowed Nigeria’s participation in global carbon markets.
The administration also describes the framework as part of a broader strategy to diversify revenue, attract green finance and reduce reliance on fossil fuel earnings.
Analysts note that global carbon markets are expanding rapidly as countries and corporations seek to offset emissions, presenting Nigeria with an opportunity to monetise climate action while supporting sustainable development.
With implementation approved, attention now turns to enforcement, transparency and investor confidence as Nigeria enters the competitive carbon economy.
About the Author
Mirian Gom 
Oluwafunbi Bello