Nigeria’s House of Representatives has tasked the Federal Government with exploring employment and investment opportunities in the climate investment funds, with a total value of green funds put at USD23 billion for the 2024 fiscal year. Hon Daniel Amos sponsored the resolution, and he highlighted the need for government Ministries, Departments and Agencies (MDAs) to promote sustainable and green projects. The resolution outlines these sustainable projects must be tailored to the country’s specific needs, and that “investments in sustainable green projects will create jobs, stimulate innovation, and contribute to Nigeria’s economic development.” It also highlights the role of carbon credits, and the potential for the African Carbon Market Initiative to generate $500 million per year by 2030. To promote the development and implementation of sustainability plans, the House has requested that the Committees on Climate Change, Renewable Energy, Environment, and Ecological Fund work alongside the Executive to educate citizens, companies, and MDAs to embrace sustainable practices in the design and execution of projects and programmes.
