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Nigeria Unveils Net Zero Investment Plan to Unlock Climate Finance, Drive Green Growth
Nigeria Unveils Net Zero Investment Plan to Unlock Climate Finance, Drive Green Growth
By: Michael Mike
The Federal Government of Nigeria has launched an ambitious Net Zero Investment Plan (NZIP), a major policy framework designed to mobilise climate finance, accelerate sustainable economic growth, and strengthen the country’s pathway to net zero emissions by 2060.
The plan, unveiled in Abuja by the National Council on Climate Change, represents a significant step in Nigeria’s efforts to translate its climate commitments into concrete investment opportunities capable of attracting both domestic and international financing.
Developed under the NDC Partnership’s “Global Call for NDCs 3.0 and LT-LEDS,” the framework received technical support from Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH and funding from the German Federal Ministry for the Environment, Climate Action, Nature Conservation and Nuclear Safety through the International Climate Initiative.
The NZIP is expected to serve as a strategic roadmap for implementing Nigeria’s long-term climate agenda by identifying priority sectors for investment, outlining financing needs, and proposing mechanisms to bridge existing climate finance gaps.
Government officials said the initiative aligns with Nigeria’s broader economic transformation agenda and reinforces the country’s aspiration to emerge as a leading climate-responsive economy in Africa in line with the African Union Agenda 2063.
The investment framework builds on key national policies, including the Nigeria Agenda 2050, the Nationally Determined Contributions (NDCs), and the Long-Term Low-Emission Development Strategy (LT-LEDS), all of which provide the policy backbone for Nigeria’s transition toward sustainable and climate-resilient growth.
Under the LT-LEDS framework, Nigeria targets net zero greenhouse gas emissions by 2060, while the NDCs outline short- and medium-term actions under the Paris Agreement.
Speaking at the launch, Country Director of GIZ, Markus Wagner, described the NZIP as a critical instrument for transforming climate goals into bankable projects capable of attracting large-scale investment.
According to him, the framework goes beyond policy declarations by providing a structured mechanism for mobilising public and private capital toward climate resilience, low-carbon industrialisation, and sustainable economic development.
Wagner noted that achieving net zero emissions would require strong collaboration among government institutions, development partners, financial organisations, and the private sector.
He said the plan demonstrates Nigeria’s determination to align climate action with economic development priorities while creating opportunities for innovation, green jobs, and long-term sustainable growth across strategic sectors of the economy.
Analysts say the launch of the NZIP could improve investor confidence in Nigeria’s green economy ambitions and position the country to access increasing pools of global climate finance targeted at low-carbon and climate-resilient development initiatives.
Nigeria Unveils Net Zero Investment Plan to Unlock Climate Finance, Drive Green Growth
News
NIDEC 2026: No Room for Jamboree Under Tinubu’s 4Ds Agenda — Enikanolaiye
NIDEC 2026: No Room for Jamboree Under Tinubu’s 4Ds Agenda — Enikanolaiye
By: Michael Mike
The Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, has said the 2026 Nigeria Diaspora Investment Economic Conference (NIDEC), scheduled to hold in Toronto, Canada, is not a diplomatic jamboree but a strategic platform to attract investment, create jobs and increase foreign exchange inflows into Nigeria.
Enikanolaiye stated this in Abuja, while addressing journalists ahead of his departure with a Federal Government delegation to the four-day conference.
Responding to concerns that previous international engagements had yielded limited tangible results, the Minister said the Tinubu administration had no room for ceremonial or unproductive foreign trips.
“This administration does not travel for jamborees. We travel for results. Mr. President has mandated a high-powered delegation led by the Chief of Staff to the President, Hon. Femi Gbajabiamila, because NIDEC 2026 is a deal room for Nigeria’s growth,” he said.
According to the Minister, the conference aligns with President Bola Ahmed Tinubu’s realigned 4Ds Foreign Policy Agenda — Demography, Development, Democracy and Diaspora.
Enikanolaiye said NIDEC 2026 would provide an opportunity to deepen Nigeria-Canada economic relations, with senior Canadian officials, including Treasury Board President Shafqat Ali and ministers from Ontario, expected to participate.
He said discussions would focus on new trade agreements, SME partnerships and improved market access for Nigerian products in North America.
The Minister also highlighted the participation of key Nigerian economic agencies, including the Central Bank of Nigeria, the Nigerian Investment Promotion Commission (NIPC), the Nigerian Export Promotion Council (NEPC) and the Nigeria Revenue Service (NRS).
He said the delegation would promote incentives for diaspora capital repatriation, export expansion and remittance-backed investment vehicles, with the aim of increasing foreign exchange inflows and creating jobs in Nigeria.
Enikanolaiye said the participation of five governors from Anambra, Borno, Kaduna, Plateau and Zamfara would strengthen sub-national investment partnerships.
The governors, he explained, would directly engage potential investors on projects spanning infrastructure, agriculture, technology and mining, thereby extending investment opportunities beyond Abuja.
The Minister said the participation of NITDA Director-General Kashifu Inuwa would support Nigeria’s efforts to secure partnerships in digital innovation, fintech and information technology capacity building.
He said such partnerships would contribute to the Federal Government’s broader digital economy and skills development agenda.
On diaspora engagement, Enikanolaiye said NIDEC was designed to connect investment-ready Nigerian projects with high-net-worth Nigerians in the diaspora, while also addressing bottlenecks faced by Nigerians abroad who want to invest in the country.
He noted that Nigeria received more than $20 billion in diaspora remittances last year, stressing that the objective was to transform the goodwill represented by those remittances into equity, factories and businesses capable of employing Nigerians.
@NIDEC 2026 is economic diplomacy in action. Nigeria is open for business. And we are going to Toronto to close deals,” he said.
The four-day NIDEC 2026, themed “Invest Nigeria, Thrive Abroad,” is scheduled for August 12–15, 2026, in Toronto, Canada.
The conference is being organised by the Nigerians in Diaspora Commission (NiDCOM), in collaboration with the Nigerian High Commission in Ottawa and the Canadian High Commission in Abuja.
The Ministry of Foreign Affairs said the conference is intended to serve as a bridge connecting global capital with bankable investment opportunities in Nigeria.
NIDEC 2026: No Room for Jamboree Under Tinubu’s 4Ds Agenda — Enikanolaiye
News
Four Terrorist Family Members Escape Enclaves, Surrender to Troops in Borno
Four Terrorist Family Members Escape Enclaves, Surrender to Troops in Borno
By Zagazola Makama
Four persons identified as family members of terrorists have escaped from insurgent enclaves in the Mandara Mountains and surrendered or been intercepted by troops of Operation HADIN KAI in Gwoza Local Government Area of Borno State.
A military source told Zagazola Makama that a 15-year-old boy, identified as Idi Musa, was intercepted at about 6:25 a.m. on August 9, 2026, by troops of 192 Battalion conducting picketing and fighting patrol duties along the Gwoza–Limankara road.
Preliminary interrogation revealed that Musa had escaped from a terrorist enclave in the Mandara Mountains.
He reportedly disclosed that he was abducted about two years ago while picking mangoes around Dala Village in the Hambagda general area.
According to the source, the teenager was forced to cook for other abductees being held within the enclave. He said the task was assigned to him by a terrorist commander identified as Idrisa Taklace.
One Itel mobile phone was recovered from him.
In a separate development at about 9:55 a.m. the same day, three other suspected members of terrorist families — 20-year-old Binta Idrisa, 18-year-old Amina Muhammadu and two-year-old Musa Alhaji — surrendered to troops of 192 Battalion.
Preliminary investigation revealed that the three had escaped from a terrorist enclave in Chikide, within the Mandara Mountains of Gwoza LGA.
The escapees reportedly said the lack of basic necessities in the terrorist camp compelled them to flee the enclave.
The troops recovered ₦9,500 from the three escapees.
The four persons were subsequently screened and documented and remain in military custody for further necessary action.
The development highlights the continuing pressure on terrorist enclaves in the Mandara Mountains, with civilians and family members held within the camps increasingly seeking opportunities to escape as military operations intensify across the Gwoza axis.
Four Terrorist Family Members Escape Enclaves, Surrender to Troops in Borno
News
Ethiopia’s Withdrawal from Buurhakaba Base Raises Security Concerns in Somalia
Ethiopia’s Withdrawal from Buurhakaba Base Raises Security Concerns in Somalia
By Zagazola Makama
The withdrawal of Ethiopian troops serving under the African Union Support and Stabilization Mission in Somalia (AUSSOM) from their base in Buurhakaba, Bay Region, has raised concerns over the ability of Somali security forces to assume full responsibility for security in the strategically important area.
Ethiopian forces have maintained a presence in Buurhakaba since 2014, with the town playing a significant role in the security of Baidoa and along the major road linking Mogadishu and Baidoa.
Its strategic location makes Buurhakaba an important security node and a potential staging area for military operations affecting both major urban centres and surrounding communities.
Security analysts believe Al-Shabaab could attempt to exploit the withdrawal by increasing pressure around Buurhakaba and its environs.
The immediate challenge for Somali security forces is therefore to secure the town’s perimeter, key access routes and surrounding settlements before the militant group can exploit any potential security gaps.
Although Ethiopia’s eventual withdrawal from selected positions across Somalia has been anticipated, sources close to the Somali National Army indicated that the Buurhakaba withdrawal was a planned redeployment that had been under preparation for some time.
Preliminary reports indicate that Somali forces will operate alongside troops from other partner countries during the transition period while the Holding Forces being prepared by the Somali authorities attain operational readiness.
The partner forces are expected to provide critical security support, including air and ground capabilities, aimed at deterring and disrupting any attempt by Al-Shabaab to launch attacks against positions or bases vacated by AUSSOM troops.
The coming weeks are expected to be critical in determining whether the transition can be managed without creating exploitable security gaps.
The key test will not simply be whether Somali forces can occupy positions previously held by Ethiopian troops, but whether they can establish sustainable security perimeters, maintain freedom of movement along critical routes and prevent Al-Shabaab from turning the transition into an operational advantage.
Buurhakaba could consequently emerge as an important early indicator of Somalia’s capacity to manage the transition from AUSSOM-held positions to Somali-led security arrangements amid continuing political and military pressure.
Ethiopia’s Withdrawal from Buurhakaba Base Raises Security Concerns in Somalia
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