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At COP30, Nigeria Reaffirms 32% Emission Reduction Target and Unveils National Carbon Market

News Editor by News Editor
November 9, 2025
in News
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At COP30, Nigeria Reaffirms 32% Emission Reduction Target and Unveils National Carbon Market

Nigeria has reiterated its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.

This position was made known during the 30th Session of the United Nations Climate Change Conference (COP 30) convened by Brazil’s President, Luiz Inácio Lula da Silva, in collaboration with the United Nations and other global partners, in the city of Belém, capital of the state of Pará, in the Brazilian Amazon.

During the international engagement, Vice President Kashim Shettima, according to a release issued on Saturday his Media Assistant, Stanley Nkwocha, joined other world leaders, development partners and business executives at the Leaders’ Climate Summit – COP30, where he delivered a speech on Nigeria’s effort in addressing climate change, saying the nation’s renewed climate agenda represents “not just an aspiration, but a solemn national commitment to preserve the planet for future generations.”

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Shettima also represented President Bola Tinubu at a high-level thematic session titled, “Climate and Nature: Forests and Oceans,” on the margins of COP 30, where he delivered Nigeria’s bold statement.

Delivering the statement titled, “The Rational Soul of Nature,” he called on global partners “to recognise the economic value of nature and to channel significant finance towards protecting and restoring it through predictable, equitable, and accessible funding mechanisms.”

The Vice President also took part in the launch of the Tropical Forest Forever Fund, and participated in a roundtable chaired by President Lula on Climate and Nature, as well as an Amazonian Cocktail for Heads of Delegation, hosted by the President of Brazil.

On the sidelines, Shettima also held bilateral meetings focused on establishing and managing Nigeria’s participation in the carbon markets, enabling the nation to unlock between $2.5 billion and $3 billion annually in carbon finance over the next decade to help meet climate goals.

Nigeria has also affirmed its determination to continue to use its influence to lead the way in seeking solutions to climate change matters in Africa and beyond.
Special Adviser to the President on NEC and Climate Change, Rukaiya El-Rufai, who disclosed this in an interview with newsmen, gave a recap of the Vice President’s participation in COP 30 held Belem, Brazil.

According to her, Nigeria will use its influence to mobilize finance for the country, as well as advocate the adaptation finance for African nations in order to collectively tackle the challenges of climate change.

“One thing that I know the whole world would look out for is Nigeria’s leadership in Africa. So we do have our influence in the regional ECOWAS and also at AU platforms to demonstrate that we are that big brother.

“So, we must galvanize all stakeholders, both in public and private sectors, to make sure we implement our National Determined Contributions (NDCs) and make it work for us,” she said.

The presidential aide added that Nigeria’s natural resources will also play a key role in mitigating the effects of climate change.

“The natural capital we have – don’t forget that we are an oil-producing nation and endowed with vast natural gas resources and renewables – we will also continue to use that to implement the NDCs in a way that works for us and addresses the sustainable development challenges that we are facing,” El-Rufai added.

On the passion of the Nigerian government for seeking solutions to climate change matters, El-Rufai said, “Nature and climate are the very home that makes our economy thrive and also gives us the stability to live good lives. So, we are dependent on nature.

“That is why how you consume and use the natural resources is important to ensuring sustainability of livelihoods, economies and everything. So, this why we need to live our lives responsibly and also leave a better future for generations to come.

“The government led by President Bola Tinubu is concentrating on resilience and ensuring that there is long term shared value creation. The government will continue to prioritize climate and nature as well as ensuring that we lead on the necessary climate policies,” the Special Adviser added.

Noting that many countries are yet to submit their NDCs to the United Nations Framework Convention on Climate Change (UNFCCC), El-Rufai urged them to emulate Nigeria, just as she praised Nigeria for taking the lead.

“There are many countries that haven’t submitted their NDCs yet but Nigeria has. China and EU just submitted; so, you can see we are leading because we also have our Climate Change Act as well as our carbon market framework in place, and that is why the theme for COP 30 is apt: COP of Action and Implementation.

“This COP Presidency said they are not creating anything new; rather, let world leaders seat and operationalize NDCs and make sure all those climate-related finance pledges made at Baku that were brought down from $1.3 trillion to $300 billion come to a reality,” she stated.
Meanwhile, Vice President Shettima on Saturday evening departed Belem, Brazil, for Abuja after a successful diplomatic engagement in the South American country where he represented President Tinubu at the 30th Session of the United Nations Climate Change Conference (COP 30).

Tags: Carbon MarketCOP30
News Editor

News Editor

SUMMIT POST (www.summitpostnews.com) is an Online news medium, powered by Highland Media Ltd. We publish a wide range of content, including Politics, Business, Sports and Entertainment on and about Nigeria, Africa and beyond. Follow us on social media for all the latest news and analysis. Contact us: WhatsApp: +234-803-209-6072; Call: +234-705-252-6124 Email: summitpostnigeria@gmail.com

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