President Bola Tinubu has unveiled an ambitious plan to revolutionize Nigeria’s transportation sector with the introduction of 100 electric buses. This groundbreaking initiative, disclosed during a high-level meeting in Dubai at the COP28 climate summit, marks a significant stride towards a more sustainable and eco-friendly future for the nation. President Tinubu emphasized the importance of reducing Nigeria’s carbon footprint and modernizing transportation as part of a broader effort to position the country as a leader in green manufacturing and industrialization.
Nigeria Carbon Market and Electric Buses Rollout Program at the COP28
The President, addressing stakeholders and investors at the COP28, highlighted the Nigeria Carbon Market and Electric Buses Rollout Program as a strategic move towards adopting natural gas as a transition fuel and incorporating renewable energy sources into the nation’s transport systems. The appointment of Mr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), and Mr. Dahiru Salisu, Director-General of the National Council on Climate Change (NCCC), to co-chair the Nigeria Carbon Market Activation Plan underscores the government’s commitment to this transformative agenda.
Visionary Leadership and Carbon Market Activation Plan
President Tinubu emphasized the dedication to environmental stewardship at the COP28, showcasing collaboration with the Africa Carbon Market Initiative. The President revealed the Nigeria Carbon Market Activation Plan, co-chaired by FIRS Chairman and NCCC Director-General, to implement robust policies and frameworks that attract carbon market investments. The establishment of an Inter-governmental Committee on Carbon Markets further underscores the commitment to sustainable practices and positions Nigeria as a destination for global carbon investments.
Concrete Steps Towards a Carbon-Neutral Future
The President assured investors that the electric buses initiative is not merely a pilot project but a concrete manifestation of Nigeria’s unwavering commitment to a carbon-neutral future. The establishment of the Inter-governmental Committee reflects the government’s proactive stance in driving this visionary plan. President Tinubu’s call for comprehensive global collaboration emphasizes the urgency of addressing climate challenges collectively and positions Nigeria as a model for sustainable growth.
Global Partnerships and Call to Action
President Tinubu urged global partners at the COP28 to join hands in accelerating efforts towards a net-zero future, emphasizing the need for comprehensive international collaboration. He challenged other nations to emulate Nigeria’s strides in mapping out sustainable futures, asserting Africa’s role as a beacon of innovative solutions to climate challenges. The President’s call for collaboration resonates with the need for a collective response to climate change, positioning Nigeria as an active participant in international efforts.
Acknowledgment of Visionary Leadership
Mr. Zacch Adedeji, FIRS Chairman, acknowledged President Tinubu’s visionary leadership as the driving force behind Nigeria’s commitment to harnessing its vast carbon potential. This acknowledgment solidifies the President’s role as a guiding force in steering the nation towards a greener and cleaner economy. The partnership between government entities and technical partners further enhances the credibility of Nigeria’s comprehensive approach, providing a potential blueprint for other nations aspiring to catalyze their markets for sustainable growth.
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