RismadarVoice Reporters, May 21, 2026
The Federal Government on May 20, launched its Net-Zero Investment Plan in Abuja, setting a 2060 deadline for carbon neutrality and outlining Nigeria’s pathway to reducing greenhouse gas emissions while sustaining economic growth.
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, presided over the launch, which brought together senior government officials, development partners and private sector representatives.
Bagudu said the plan embeds climate action within Nigeria’s long-term economic framework, linking it to constitutional obligations under Sections 13 and 20, which assign environmental protection responsibilities across all arms of government.
“Nigeria’s Agenda 2050 recognises that environmental management and sustainability are integral to national planning, not tangential,” he said.
The minister disclosed that recent engagements with German partners yielded commitments of €71 million in direct contributions and a €300 million credit guarantee to support climate-aligned investments. He added that ongoing reforms are designed to lower investment risk, attract capital and advance the government’s goal of building a one-trillion-dollar economy.
Germany’s Head of International Cooperation at its Abuja embassy, Dr Karin Jansen, described the plan as a Nigerian-driven initiative developed through consultations involving government, civil society, experts and business groups. She said Berlin would support implementation through funding and technical cooperation under the International Climate Initiative.
“The focus will now shift to execution, with emphasis on turning policy into bankable projects that deliver measurable outcomes for citizens,” Jansen said.
The plan targets the power, transport, agriculture, waste and industry sectors, with provisions for inclusion of women, youth and small businesses in the transition to a low-carbon economy.
