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Nigeria Targets $25 billion Climate Finance by 2030

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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

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Crime

Borno troops repel Boko Haram attack in Hawul, one killed

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Borno troops repel Boko Haram attack in Hawul, one killed

By: Zagazola Makama

Troops of Operation Hadin Kai have successfully repelled simultaneous attacks by ISWAP terrorists on Jihuhi and Harang villages in Hawul Local Government Area of Borno State, leaving one person dead.

Sources told Zagazola Makama that on Jan. 27 at about 1630 hours, the terrorists invaded the villages, firing indiscriminately and setting several houses ablaze.

The attack fatally injured Adamu Inusa, also known as Daddy, 35, a member of the Hunters Group in Hawul.

He was evacuated to General Hospital Hawul, where he was confirmed dead on arrival. His corpse has been deposited at the hospital mortuary and will be released to his family for Islamic burial after clearance operations in the affected communities.

A combined team of troops of Operation HADIN KAI, police tactical units, and local Civilian Joint Task Force (CJTF)/Hunters groups responded promptly, engaging the terrorists and successfully repelling the attack.

The area remains under close monitoring as security forces continue clearance and patrol operations.

Borno troops repel Boko Haram attack in Hawul, one killed

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Bandit attack in Zamfara leaves three abducted, immigration officer injured

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Bandit attack in Zamfara leaves three abducted, immigration officer injured

By Zagazola Makama

A banditry attack in Damba Local Government Area of Zamfara State left three people abducted and an immigration officer injured, authorities confirmed.

A source said on Jan. 28 at about 12:30 a.m., a group of armed men, suspected to be bandits, launched an attack on a rented accommodation adjacent to the Federal College of Education, Technical (FCET), Gusau, firing sporadically.

During the raid, Insp. Gabriel Abah of the Immigration Service was shot, sustaining a fractured leg. Security forces swiftly responded, engaging the assailants and recovering a G3 rifle and one round of G3 ammunition.

“The injured officer is receiving medical treatment, while efforts continue to locate and rescue the abducted victims,” the source said.

The incident remains under investigation, and security agencies are pursuing the perpetrators.

Bandit attack in Zamfara leaves three abducted, immigration officer injured

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Troops, police rescue eight kidnap victims in Kaduna forest

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Troops, police rescue eight kidnap victims in Kaduna forest

By: Zagazola Makama

The Nigerian Army troops of Sector 7 of Operation OPEP, in collaboration with the Zango Kataf Police Area Command, Civilian Joint Task Force (CJTF), Forest Guards and local hunters, have rescued eight kidnapped victims from Badurum Kasa Forest in Kauru Local Government Area of Kaduna State.

A security source told Zagazola Makama that the successful operation was carried out on Jan. 28 following actionable intelligence on the hideout of the kidnappers.

According to the source, the joint team mobilised at about 4:23 p.m. and advanced into the forest, where they made contact with the criminals around 5:59 p.m.

“On sighting the troops, the kidnappers abandoned their captives and fled in disarray into the surrounding bushes,” the source said.

The source added that all the victims were rescued unharmed and immediately evacuated from the forest.

Those rescued were identified as Mrs Rashida Musa, Mrs Hafsat Nuhu, Mr Zakari Saleh, Miss Hasiya Yahaya, Mr Ahmed Yahaya, Mr Ibrahim Saiba, Miss Salma Yahaya and Mr Sophan Idris.

“They were all successfully reunited with their families after medical checks and initial debriefing,” the source said.

The troops have commenced follow-up operations to exploit the area and track down the fleeing suspects.

Troops, police rescue eight kidnap victims in Kaduna forest

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