Nigeria: €1,7bn to accelerate the energy transition and €429m for climate resilient infrastructures

"Nigeria aims for a $2 bn (€1.7bn) capitalisation through its National Climate Change Fund to support projects reducing emissions, expanding renewable energy and strengthening climate resilience", announced Bola Tinubu, Nigeria's President, at the Abu Dhabi Sustainability Week on 13/01/2026. He also announced a target of $500m (€429m) to develop climate-resilient infrastructures in Nigeria through the Nigerian Climate Investment Platform.

"Nigeria is ready to do business with you, Tinubu said. It is easy in, easy out. We just want value addition." During his speech in Abu Dhabi, he shared that Nigeria issued a 50 trillion naira (€30bn) sovereign green bond in 2025, which attracted 91 trilllion naira (€55bn) in subscriptions. "The green bond was oversubscribed by 97.7%", he said, demonstrating the momentum for green investments in his country.

"Developing countries require predictable climate finance, accessible technologies and robust capacity building to support full climate commitment without losing focus on advancing their developmental priorities. In 2025, Nigeria took a major regulatory step to strengthen its climate governance and sustainability. We adopted the national carbon market activation policy and launched our national carbon registry to improve our measurement, reporting and verification. Now, we are deepening access to green finance", declared Bola Tinubu.

He also announced that Nigeria launched a climate and green industrialization investment playbook to unlock $25bn to $30bn annually in climate finance. In this context, a partnership has been signed between Nigeria and the United Arab Emirates to "deepen trade, unlock sustainable investments and strengthen cooperation in renewable energy, aviation, logistics, agriculture, digital trade and climate-smart infrastructure."

"Nigeria's energy transition plan integrates energy assessment, climate mitigation, industrial growth and social development into a single coherent framework: achieving net-zero emissions by 2060 while delivering universal energy assets", he concluded.