ABUJA – Nigeria has launched a new initiative to attract $500 million in climate funding to support clean energy, infrastructure and projects that help communities adapt to climate change.
The initiative, known as the Nigerian Climate Investment Platform (NCIP), was announced on Tuesday by Finance Minister Wale Edun following a high-level meeting with government agencies and international climate partners.
“If accreditation is the last hurdle, I’m confident they’re ready,” Edun said. “The global economic environment demands that we leverage all opportunities—climate finance included—to drive growth, boost export competitiveness, and support sectors like agriculture, infrastructure, and digital innovation.”
The platform is designed to draw funding from both inside and outside the country.
Leaders say it will help position Nigeria as a hub for sustainable investment in Africa.
Officials from Nigeria’s climate agency and sovereign wealth fund say they are working to gain international accreditation, which would allow the country to access global climate funds directly.
“We currently have no standalone project focused solely on Nigeria. That needs to change. We are here to co-create a country platform that aligns with Nigeria’s climate strategy,” said Soji Omisore, speaking on behalf of the Green Climate Fund (GCF).
The NCIP forms part of Nigeria’s broader strategy to unlock climate-linked capital and position the country as a regional leader in sustainable finance, particularly as global trade dynamics evolve and the African Continental Free Trade Area (AfCFTA) presents new growth opportunities.
