Crime
Nigeria Targets $25 billion Climate Finance by 2030
Nigeria Targets $25 billion Climate Finance by 2030
By: Michael Mike
The federal government is targeting about $25 billion in climate finance by 2030 as part of its economy-wide climate governance.
Addressing a press conference at the weekend, Director-General of the National Council on Climate Change (NCCC), Mrs. Omotenioye Majekodunmi while revealing the target, said that the Nigeria’s Carbon Market Framework has been finalized and will be submitted to Federal Executive Council (FEC) for approval.
Majekodunmi said the recently submitted Nationally Determined Contribution (NDC3.0) is different from the previous ones in many ways as It departs from the “business-as-usual” approach to an absolute economy-wide emission reduction, representing our highest ambition level to date, noting that the targets are better defined and will be supported by an investment plan to accelerate implementation.
She said Nigeria has set a 32.2% increase in emission reduction compared to the 2018 baseline and significantly increases mitigation and adaptation ambitions with clearer targets compared to NDC2.0.
She explained that the NDC3.0 aims to lower the deforestation rate by 60%, which offers substantial mitigation potential of 304.8 MtCO2eq., and it seeks to increase the adoption and use of cleaner energy systems by increasing captive generation capacity using cleaner fuels, installing 7 GW (50% renewable and 50% natural gas) as part of a practical “Energy Mix Plan” on our journey to net-zero by 2060.
Majekodunmi said: “For the first time, “Health” and “Action for Climate Empowerment” have been included as priority sectors in our NDC3.0, demonstrating our commitment to economy-wide climate governance.”
She said to deliver on these commitments, Nigeria is mobilizing $20-25 billion in climate finance by 2030, including green bonds, blended finance, and public-private risk-sharing mechanisms, noting that: “We aim to unlock at least $7-10 billion in grants and concessional finance from global partners while promoting technology transfer.”
The NCCC Director General on plans for the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC) (COP30) holding in Belém, Brazil from November 10-21, 2025,
disclosed that: “We have launched an electronic portal for registration of MDAs, private sector entities that wish to organize side events in the Nigerian pavilion to drive visibility and amplify our ambition as a country.
“We’re using digital tools to limit paper use and reduce our carbon footprint. By doing so, the government is leading by example.
Participants can apply and submit all their information online.”
She also disclosed that: “We have recently launched a robust Monitoring, Reporting, and Verification (MRV) system aligned with global best practices to track progress annually.
“The MRV system supports transparency and accountability in measuring and reporting our sectoral climate actions. This will boost trust among investors and funding partners and, most importantly, help attract necessary climate finance to support our development aspirations and meet our climate obligations.
“The MRV system is an important requirement for generating high-integrity and attractive carbon credits in Nigeria.”
Nigeria Targets $25 billion Climate Finance by 2030
Troops Intercept 11 Jerrycans of Suspected Smuggled Fuel in Adamawa
By Zagazola Makama
Troops of Operation Hadin Kai have intercepted 11 jerrycans of Premium Motor Spirit (PMS), popularly known as petrol, suspected to be smuggled to terrorist elements in Maiha Local Government Area of Adamawa State.
Intelligence sources told Zagazola Makama that the seizure was made at about 12:27 p.m. on June 26 by troops of the 247 Reconnaissance Battalion during a strangulation operation along the Maiha–Maiha Gari Road.
The sources said the smugglers abandoned the products and fled on sighting the troops, escaping into nearby bushes before they could be apprehended.
A total of 11 jerrycans containing Premium Motor Spirit were recovered from the scene.
The recovered petroleum products have been taken into military custody for further investigation and necessary action.
Military sources said the operation forms part of ongoing efforts by Operation Hadin Kai to disrupt the supply of logistics to terrorist groups operating in the North-East by denying them access to essential commodities, including fuel.
The sources added that troops have continued to sustain intelligence-driven strangulation operations across the theatre to block terrorist supply routes and dismantle their support networks.
Troops Intercept 11 Jerrycans of Suspected Smuggled Fuel in Adamawa
Troops Neutralise 2 Terrorists, Recover Rifles, Ammunition in Kebbi Operations
By Zagazola Makama
Troops of Operation FANSAN YAMMA (OPFY) have neutralised 2 suspected terrorists and recovered arms, ammunition and motorcycles during separate offensive operations in Kebbi State.
Intelligence sources told Zagazola Makama that troops of Sector 2 established contact with terrorists at Sabarumawa on Friday during an offensive operation.
During the encounter, the troops nutrialised two terrorists and recovered two AK-47 rifles, 143 rounds of 7.62mm special ammunition, nine AK-47 magazines and one motorcycle.
Military sources said the operations formed part of the sustained offensive campaign aimed at dismantling terrorist enclaves and denying criminal elements freedom of action across the North-West.
The sources added that troops have continued to maintain aggressive offensive operations across the theatre to sustain pressure on the fleeing terrorists and consolidate recent operational gains.
Troops Neutralise 2 Terrorists, Recover Rifles, Ammunition in Kebbi Operations
Troops Arrest Four Suspected Drug Peddlers, Recover Cannabis in Plateau Raid
By Zagazola Makama
Troops of Operation Enduring Peace (OPEP) have arrested four suspected illicit drug peddlers during a raid on a criminal hideout in Jos North Local Government Area of Plateau State.
Intelligence sources told Zagazola Makama that the operation was carried out at about 10:30 p.m. on June 25 at the Congo Russia area of Jos North as part of ongoing efforts to dismantle criminal networks and curb drug-related activities in the state.
During the raid, troops arrested four suspects identified as Isah Mohammed, 20; Nura Kabil, 19; Hamisu Rabiu, 21; and Yakubu Mohammed, 35.
The troops also recovered quantities of substances suspected to be cannabis sativa from the suspects during the operation.
Sources said the suspects have been profiled and are currently in custody for further necessary action, while investigations are ongoing to uncover other members of the illicit drug network.
The operation forms part of sustained security efforts by Operation Enduring Peace to rid Plateau State of criminal elements and deny drug traffickers safe havens within the state.
Troops Arrest Four Suspected Drug Peddlers, Recover Cannabis in Plateau Raid
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