Vice President Kashim Shettima has restated government’s dedication to meet the need for green energy in the nation without dangering the future..
Shettima made the commitment during the inauguration of Intergovernmental Committee on Carbon Market Activation Plan.
He stated that the
plan is in the bid to create a blueprint to drive an efficient sustainable carbon market ecosystem.
He explained that it is in fulfillment of the promise made by President Bola Ahmed Tinubu to reduce Nigeria’s carbon footprint as well as plans by the Federal Government, in collaboration and support of the Africa Carbon Market Initiative to tap from the carbon market which has an estimated value of $2.5 billion, according to ThisDay.
“However, the intervention we seek can’t be achieved unless the best minds of this nation come together to oversee our transition, and I have no doubt that we are on the right track, especially with the calibre of the technocrats that are in this room.
“We gather today as part of the broader initiative to position Nigeria and, by extension, Africa in green growth manufacturing and Industrialisation. This underscores our commitment to sustainable development and environmental stewardship.
“This justifies our focus on natural gas as a transition fuel alone site investment in renewable energy sources. Our mission is to meet the needs of the present while safeguarding the future,” he said.
The inauguration of the committee chaired by the Executive Chairman of the Federal Inland Revenue Service, Mr Zacch Adedeji, followed the creation of the Intergovernmental Committee on Carbon Markets by the President at the COP28 in December 2023.
Inaugurating the committee yesterday at the State House, Abuja, Shettima said the move is a justification of the Tinubu administration’s focus on natural gas as a transition fuel.
