President Bola Tinubu has approved the implementation and operationalization of Nigeria’s carbon market framework, a landmark policy expected to generate at least $3 billion annually by 2030. The framework positions Nigeria at the forefront of carbon trading, opening the door to large-scale emission allowance transactions across multiple sectors. The new framework includes: - Launch of a national carbon registry. - Mandatory emissions reporting for companies. - Phased compliance mechanisms aligned with Nigeria’s climate plan, which commits to emissions cuts by 2035 and net zero by 2060. - Tax exemptions on carbon credit revenue for up to a decade. - Accelerated capital allowances for low-carbon assets. - R&D deductions tied to emissions-reduction projects. These measures aim to eliminate structural risks that have previously constrained investment in carbon markets.

President Bola Tinubu has approved the implementation and operationalization of Nigeria’s carbon market framework, a landmark policy expected to generate at least $3 billion annually by 2030. The framework positions Nigeria at the forefront of carbon trading, opening the door to large-scale emission allowance transactions across multiple sectors. The new framework includes: - Launch of a national carbon registry. - Mandatory emissions reporting for companies. - Phased compliance mechanisms aligned with Nigeria’s climate plan, which commits to emissions cuts by 2035 and net zero by 2060. - Tax exemptions on carbon credit revenue for up to a decade. - Accelerated capital allowances for low-carbon assets. - R&D deductions tied to emissions-reduction projects. These measures aim to eliminate structural risks that have previously constrained investment in carbon markets.