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COP28UAE: Tinubu unveils vision for Greener Nigeria, activates 100 electric buses

President Bola Ahmed Tinubu, GCFR (middle) in a Group Photograph with Other Top Government Officials in Dubai, UAE Photo: State House

*President Bola Ahmed Tinubu explains the strategic initiative is aimed at significantly reducing Nigeria’s carbon footprint and modernising the country’s transportation systems as part of a larger effort at positioning Nigeria cum Africa as the pioneering frontier of green manufacturing and industrialisation with a focus on natural gas

Isola Moses | ConsumerConnect

President Bola Ahmed Tinubu has said Nigeria is taking a significant step towards attaining a sustainable and eco-friendly future by introducing a pioneering initiative to deploy a fleet of 100 electric vehicles (AVs).

Tinubu stated  this while speaking at a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and Electric Buses Rollout Programme on the margins of the COP28 climate summit Saturday, December 2, 2023, in Dubai, United Arab Emirates (UAE).

The Nigerian leader explained that the strategic initiative is aimed at significantly reducing Nigeria’s carbon footprint and modernising the country’s transportation systems as part of a larger effort to position Nigeria and Africa as the pioneering frontier of green manufacturing and industrialisation with a focus on natural gas as a transition fuel alongside other renewable energy sources.

FIRS Executive Chairman heads Carbon Market Activation Plan team

Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, in a statement issued at the weekend, disclosed in order to spearhead this transformative plan, President Tinubu announced the appointment of Mr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), and Mr. Dahiru Salisu, Director-General of the National Council on Climate Change (NCCC), to co-chair the Nigeria Carbon Market Activation Plan.

He also stated: “This initiative stands as a testament to our dedication to environmental stewardship as clearly exemplified through our collaboration with the Africa Carbon Market Initiative.

“Our visionary plan is a strategic guidepost, directing Nigeria towards becoming an investment-friendly destination for carbon market investments.”

The President further noted: “We recognise the imperative of fostering an environment that not only attracts investment but also upholds standardized and sustainable industrial practices.

“As a manifestation of our forward-thinking approach, we are actively looking to implement robust, enabling policies and frameworks that will serve as the catalyst for the burgeoning growth of the carbon market within our national borders.”

Nigeria committed to carbon-neutral future: Tinubu

According to the President, in further driving his commitment in this regard, he said he “recently approved an Inter-governmental Committee on Carbon Markets to be chaired by the Executive Chairman of the Federal Inland Revenue Service and the Director-General of the National Council on Climate Change to drive this visionary plan.”

Tinubu, therefore, assured prospective investors that this initiative transcends being a mere pilot project.

”It is a concrete manifestation of our unwavering dedication to a carbon-neutral future.

“I assure you; this is only the commencement of our ambitious plans, with many more impactful initiatives on the horizon,” said he.

While acknowledging the pressing need for a comprehensive global collaboration on climate-related challenges, the Nigerian President urged global partners to join hands in accelerating collective efforts towards a net-zero future.

He noted: “As we unveil our initiatives, I challenge other nations to emulate our strides in mapping out their sustainable futures with a clear understanding that Africa is a beacon of innovative solutions to climate-related challenges.

”In this pursuit, we acknowledge the pressing need for comprehensive global collaboration, and we reiterate our commitment to being an active participant in international efforts.

”Nigeria’s plans for a greener and cleaner economy can serve as an inspirational narrative for nations worldwide.

“Our comprehensive approach, rooted in visionary leadership and pragmatic action supported by our technical partners, is poised to become a blueprint for countries aspiring to also develop and catalyze their markets for sustainable growth.”

In his remarks on the development, Mr. Adedeji, FIRS Chairman, acknowledged the visionary leadership of President Tinubu as the guiding force behind Nigeria’s commitment to harnessing its vast carbon potential.

Rollout of AVs a tangible symbol of Nigeria’s commitment to modernising transport systems, says Adedeji

The FIRS Chief pledged the full commitment of the Committee to driving the implementation of efficient policies and frameworks to achieve sustainable carbon market growth.

Reiterating Nigeria’s readiness to lead the global effort to combat climate change, Adedeji described the initial phase of the rollout of the electric buses as a tangible symbol of Nigeria’s commitment to modernising its transportation systems while reducing Africa’s modest carbon footprint.

The Executive Chairman said: “In the immediate term, Nigeria will proudly unveil a series of innovative, clean, modern, and sustainable initiatives across diverse sectors.

“These initiatives are strategically designed to not only address climate change-related challenges but also to position Nigeria as an attractive destination for global investments.

”The business-friendly environment and policy frameworks we are developing underscore our readiness to welcome and facilitate investments that align with our collective commitment to a greener future for Nigeria and the African continent.”

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