Even though Nigeria is struggling to consistently generate 5000 MW of power, Bola Tinubu declared on Saturday that the country is poised to unveil 100 electric buses, signaling a step towards a more sustainable and environmentally friendly future.
Describing it as a “pioneering initiative,” Tinubu emphasized its aim to substantially decrease Nigeria’s carbon footprint and advance the country’s transportation systems.
The announcement was made in Dubai, United Arab Emirates, on the sidelines of the COP28 climate summit.
”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,” presidential spokesman Ajuri Ngelale quoted his principal as saying.
”We recognize 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.”
READ ALSO: Tinubu’s Projected GDP Growth Rate Doesn’t Make Economic Sense – Ogundare
Tinubu has named Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), and Dahiru Salisu, the Director-General of the National Council on Climate Change (NCCC), as co-chairs for the Nigeria Carbon Market Activation Plan. This decision is a strategic step towards positioning Nigeria and Africa at the forefront of green manufacturing and industrialization. Tinubu encourages other African countries to emulate this initiative, fostering a collective commitment to sustainable development across the continent.
”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,” he said.
Tinubu said 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,” the president added.