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Stakeholders Design Framework to Maximize Nigeria’s Carbon Market

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Stakeholders Design Framework to Maximize Nigeria’s Carbon Market

By: Michael Mike

The National Council on Climate Change (NCCC) and the United Nations Development Programme (UNDP) have gathered stakeholders in the environmental sector to prepare framework for Nigeria’s carbon market, which has potential of unlocking major industrial revolution in the country.

Speaking at the workshop on Nigeria’s Carbon Market Framework: Article 6 Training & Implementation Design organised by NCCC and UNDP in Abuja, the Minister of Environment, Balarabe Abbas Lawal said It is essential to note that carbon markets present very important tool to reach global climate goals in short and medium term.

The Minister who was represented at the workshop by the Permanent Secretary in the Ministry of Environment, Mahmud Adam Kambari noted that carbon markets
could help to mobilize resources and reduce costs to give countries and companies the space to smooth the low-carbon transition and be able to achieve the goal of net zero emissions in the most effective way possible.

While admitting that Nigeria’s carbon market is an emerging market that is yet to actualize its full potential, Lawal said: “The need to unlock its opportunities is pivotal to promoting sustainable growth, stimulate economic development and mitigate climate change. The country’s carbon market would serve as an attraction for climate finance and as a means to curb greenhouse gas emissions.”

The Minister said: “Nigeria has the potential to produce million tons worth of carbon credits annually by 2030 through projects like Reforestation, Renewable energy, Waste to energy, Improved cook stove,” insisting that: “Unlocking Nigeria’s Carbon market opportunities holds potential for sustainable growth, economic development and climate change mitigation. Collaborating with international partners, capacity building and targeted investments can help actualize these potentials.”

He added that: “Nigeria has over the years shown increasing interest in reducing its emissions through engagement in relevant partnerships and initiatives. This has been demonstrated in our NDC (Nationally determined contribution), the long-term low emission development strategies and the country’s interest to consider cooperative climate action under Article 6 of the Paris Agreement. In the updated NDC submitted in 2021, based on the new mitigation analysis, “Nigeria restates its commitment to its unconditional target to reduce GHG emissions by 20% below business-as-usual by 2030, and increases its conditional target to 47% below business-as-usual by 2030 on the condition of receiving appropriate support. All these initiatives are pointers to Nigeria’s efforts in reducing its GHG emissions.

“However, in view of achieving and implementing Nigeria’s NDC, it is timely to consider the different approaches for carbon market necessary to steer the country on the trajectory of low-carbon policies while considering national priorities such as socio-economic development and sustainable development. Considering this, the goal of this workshop is to delve deeper into the intricacies of Article 6, with a focus on operationalization and advancing the development of Nigeria’s Article 6 Framework.”

On his part, the Director General of the
National Council on Climate Change (NCCC), Dr. Salisu Dahiru said: Despite its low level of emissions, Nigeria has the potential for a range of carbon mitigation activities above and beyond the planned activities of the NDC that may allow it to access carbon finance through trading to assist its ambitious goal to become a developed, carbon-neutral, and climate-resilient economy by 2060.”

He added that: “Thus, as the marketplace for carbon trading is emerging, it will be of great importance to explore opportunities and identify implications and risks associated with carbon market under the PA’s Article 6 in Nigeria.”

Dahiru explained that: “Participating in Article 6 necessitates a country-led, efficient, and robust institutional architecture with high-level engagement and monitoring. The arrangement must have legal and administrative authority to effectively implement Article 6 on behalf of the national government. The National Council on Climate Change (NCCC) is Nigeria’s National Designated Article 6 Authority (NDAA), responsible for overseeing all Article 6-related activities and transactions. NCCC authorizes and approves Article 6.2 and Article 6.4 projects that accord with national interest.

  1. “Nigeria is also establishing an Article 6 Technical Committee (A6.TC) to coordinate engagement across all government ministries and departments. A6.TC members will review progress, challenges, and investment prospects in their respective industries. The team will assess the impact of current and upcoming cooperation agreements on the country’s NDC attainment, sustainable development benefits (including green job creation), and financial resource mobilization.”

He told the stakeholders that: “This workshop is therefore timely, as there are a lot of interest on Article 6. Operationalization of Article 6 of the PA is one of the core role of NEYEN, so we can explore their expertise to understand carbon market and how it works. I therefore call on commitments and cooperation from relevant sectors to ensure successful deliberation and accomplishment of the goals of the workshop.”

Stakeholders Design Framework to Maximize Nigeria’s Carbon Market

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French Government Calls for Collaboration to Protect Oceans for Plastic Threat

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French Government Calls for Collaboration to Protect Oceans for Plastic Threat

By: Michael Mike

The French government wants Nigeria, the rest of Africa and the global community to mobilise resources, policies and collaboration to protect the oceans from the dangers of plastic waste.

The French Deputy Ambassador to Nigeria,
Jean-François Hasperue, made the call on Wednesday in Abuja during a plastic waste awareness programme at the French Institute.

Hasperue said the call for a united front to tackle the challenge became necessary because plastic waste has become one of the most pressing environmental crises facing the globe, with oceans bearing the brunt of the escalating threat.

The envoy explained that from floating debris to microplastics embedded in marine organisms, the evidence of damage on the oceans has been overwhelming.

He said: ‘’Our panellists were explaining that the microplastics that are eaten by fish in the lagoon of Lagos might be eaten by people in Asia because fish have been taken by foreign boats and sold everywhere in the world. So yes, it’s a global issue that we need to address. And there is one specific issue, of course, we decided to address within the UN conference in Nice, is the one of biodiversity beyond national jurisdictions.

“Because it has been for too many years, a gap in which we have not been able to raise cooperation among countries to save these biggest parts of the oceans. And I expect that we will announce that we have reached the 60 signatories for ratification by the end of this week. So the BBNG will be able to be implemented starting the 1st of January 2026.”

According to Mr Hasperue, the French government is raising awareness in Nigeria particularly in Nigerian universities as part of global strategy to build capacity of students and also to rally support for empowering global local communities.

He said: “We are part of a global strategy of France, because of course we would like to act at different level. We act first globally, and that’s why we decided to welcome the UN Conference on Ocean, which is actually happening in Nice from the June 9th to the 13th this very week. And that’s why in the wake of this global conference, we wanted here in Nigeria and in Abuja to organise at our level a debate, but not only a debate here, but activities all over the month of June.

“And we had not less than 11 activities happening in six different states in Nigeria, first of all to raise awareness in Nigeria, but also to rally support for empowering global local communities.”

Hasperue underscored the importance of the UN Ocean Conference to addressing the dangers of plastic waste on oceans, noting that awareness creation remains very critical to ending the menace.

He added that: “We have to take into consideration that plastic, although it has been a solution at some point of history, that it has been now so massive, so huge, that it has become a problem. So now we have to better think how to better produce plastic, how to make sure that plastic is better recycled, and how we make sure that it will less affect all life all over the world.
They are part of a global strategy by France to not only act at the global level, but also at the level of the communities. So we have a double approach, top down, but also a bottom up, to make sure that we create the link between what we are doing on the global stage to raise awareness, but that it has a translation down to the local communities. In every country we are working with the governments and civil society organisations.”

The Deputy French Ambassor to Nigeria stressed that the French government is helping Nigerian universities with recycling plastic and micro plants as well as funding of projects in the universities.

He said: “We have a fund of 750,000, 100,000 euros now, which is about helping universities in recycling plastic. So within this project, we have two micro plants that will be given to Nile University and UNILAG to recycle plastic within the universities. We are also funding a project in five different universities.”

Similarly, Sebastien Bede, the Attaché for Scientific and Higher Education Cooperation at the French Embassy, pointed out that the French government has been cooperating with Nigerian partners to develop projects and implement solutions to plastic waste.
‘’So we have this project we call the French Embassy Fund to actually develop and implement solutions to tackle plastic pollution in Nigerian university campuses. And the idea is threefold. First, as previously the Deputy Ambassador said, to equip two universities here in Nigeria, UNILAG, Nile University in Abuja, with microplants to recycle plastic.

This comes with capacity building, with Plastic Odyssey, to train the staff and develop integrated solutions, which goes from collecting the plastic on the campus, sort it out, clean it, grind it, and then the final product. So we have the input and the output. So there’s been a collective reflection on what is the need here in Nigeria on the campuses.

About 17 Nigerian university students were awarded for their efforts in turning plastic waste to viable economic ventures.

French Government Calls for Collaboration to Protect Oceans for Plastic Threat

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OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

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OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

By: Michael Mike

This month, leaders will gather in Sevilla, Spain, on a rescue mission: to help fix how the world invests in sustainable development.

The stakes could not be higher. A decade after the adoption of the Sustainable Development Goals and many global commitments to finance them, two-thirds of the targets are lagging. And the world is falling short by over $4 trillion annually in the resources developing countries need to deliver on these promises by 2030.

Meanwhile, the global economy is slowing, trade tensions are rising, aid budgets are being slashed while military spending soars, and international cooperation is under unprecedented strain.

The global development crisis is not abstract. It is measured in families going to bed hungry, children going unvaccinated, girls being forced to drop out of school and entire communities deprived of basic services.

We must correct course. That begins at the Fourth International Conference on Financing for Development in Sevilla, where an ambitious, globally supported plan to invest in the Sustainable Development Goals must be adopted.

That plan should include three essential elements.

First, Sevilla must help accelerate the flow of resources to the countries who need it most. Fast.

Countries must be in the driver’s seat, mobilizing domestic resources by strengthening revenue collection and addressing tax evasion, money laundering and illicit financial flows through international cooperation. This would provide much-needed resources to prioritize spending on areas with the greatest impact such as education, healthcare, jobs, social protection, food security, and renewable energy.

At the same time, national development banks, regional and Multilateral Development Banks need to come together to finance major investments.

To support this, the lending capacity of these banks needs to triple so developing countries can better access capital on affordable terms with longer timelines.

This increased access should include re-channeling of unconditional reserve assets — or Special Drawing Rights — to developing countries, preferably through Multilateral Development Banks to multiply their impact.

Private investment is also essential. Resources can be unlocked by making it easier for private finance to support bankable development projects and by promoting solutions that mitigate currency risks and combine public and private finance more effectively.

Throughout, donors must keep their development promises.

Second, we must fix the global debt system. It is unfair and broken.

The current borrowing system is unsustainable, and developing countries have little confidence in it. It’s easy to see why. Debt service is a steamroller crushing development gains, to the tune of more than $1.4 trillion a year. Many governments are forced to spend more on debt payments than on essentials like health and education combined.

Sevilla must result in concrete steps to reduce borrowing costs, facilitate timely debt restructuring for countries burdened by unsustainable debt, and prevent debt crises from unfolding in the first place.

In advance of the conference, a number of countries put forward proposals to ease the debt burden on developing countries. This includes making it easier to pause debt service in times of emergency; establishing a single debt registry to strengthen transparency; and improving how the IMF, World Bank and credit-ratings agencies assess risks in developing countries.

Finally, Sevilla must raise the voice and influence of developing countries in the international financial system so it better serves their needs.

International financial institutions must reform their governance structures to enable greater voice and participation of developing countries in the management of the institutions they depend on.

The world also needs a fairer global tax system, one shaped by all governments — not just the wealthiest and most powerful.

The creation of a “borrowers club” for countries to coordinate their approaches and learn from one another is another promising step toward addressing power imbalances.

The meeting in Sevilla is not about charity. It’s about justice, and building a future in which countries can thrive, build, trade, and prosper together. In our increasingly interconnected world, a future of haves and have-nots is a recipe for even greater global insecurity that will keep weighing down progress for all.

With renewed global commitment and action, Sevilla can spark new momentum to restore a measure of faith in international cooperation and deliver on sustainable development for people and planet.

In Sevilla, leaders must act together to make this rescue mission a success.

OP-ED: “A RESCUE PLAN FOR SUSTAINABLE DEVELOPMENT”

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Nigeria, Russia to deepen military, technical cooperation

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Nigeria, Russia to deepen military, technical cooperation

By: Zagazola Makama

The Russian Federation has reaffirmed its commitment to strengthening defence and military-technical cooperation with Nigeria as part of efforts to promote peace, sovereignty and stability across the African continent.

Speaking at a bilateral meeting with Nigerian Defense Chief, General Christopher Musa and other officials, a Russian envoy described Nigeria as a strategic and promising partner, noting its position as the most populous country in Africa and a key regional player.

“We consider the Federal Republic of Nigeria a promising partner on the African continent. You are the largest country, and we support the efforts of the Nigerian authorities to strengthen national armed forces to safeguard the country’s sovereignty and ensure regional security,” the envoy said.

He expressed satisfaction with Nigeria’s willingness to pursue constructive cooperation with Russia in the areas of military and defence technology.

“We positively assess your commitment to fruitful cooperation with our country in military and military-technical spheres,” he added.

The Russian official called for an open discussion on current defence priorities, pledging continued support to Nigeria and other African partners.

In his response, Gen Musa, appreciated them for their support and commitment to the Armed Forces of Nigeria and for inviting him and his for the 80th victory parade.

He also appreciated them for the donation of weapons and drones to boost the campaign against terrorism within Nigeria and the Sahel Region

“Today, we discuss the most relevant issues of cooperation between our defence ministries. We value our friendship with Russia and deeply appreciate all the assistance Russia has provided assistance that has often been critical for many countries,” he said.

He praised Russia’s reliability and action-oriented diplomacy, saying, “You don’t just make promises, you fulfil them. Everyone knows Russia works for the good of peace and stability.”said General Musa.

The meeting, attended by top defence officials from both countries, is expected to yield agreements that will boost training, logistics, arms supply and intelligence-sharing in the fight against terrorism.

Nigeria, Russia to deepen military, technical cooperation

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