The Federal Government launched its Net-Zero Investment Plan in Abuja on Wednesday, setting a 2060 target for carbon neutrality while pushing for growth anchored on clean investment.
The investment plan was revealed by the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, who also disclosed that the plan outlines Nigeria’s pathway to net-zero greenhouse gas emissions and positions climate action within the country’s long-term economic framework.
He stated, “We are here to emphasise that Nigeria is not reluctant to commit to initiatives that may affect the private sector, which seeks financing for various projects.”
According to Bagudu, recent discussions with German partners resulted in agreements to mobilise long-term funding, including a 300 million euro loan guarantee and 71 million euros in donations to assist climate-aligned investments.
He connected the plan to constitutional principles, pointing out that while Section 13 distributes responsibilities to all branches of government, Section 20 requires environmental protection.
“Nigeria’s Agenda 2050 acknowledges that sustainability and environmental management are essential to national planning, not incidental,” he added.
The minister said that lessons learned from Ogoniland’s environmental deterioration have influenced contemporary policy, with better data, enhanced technology, and stricter regulations directing resource use and agricultural methods.
In another reaction, Dr. Karin Jansen, Head of International Cooperation at the German Embassy, pointed out that the plan was created after extensive consultation with the government, experts, civil society, and commercial organisations, and it represents Nigeria’s goals.
According to her, the programme demonstrates a greater willingness to draw in international climate funding and strengthen collaboration on energy transition, efficiency, and carbon reduction.
“Above all, this investment plan is a Nigerian initiative, and Germany is proud to support it through funding and technical cooperation under the International Climate Initiative,” she said.
Jansen added that the emphasis would now be on implementation, with a focus on transforming policies into financially viable initiatives that provide residents with quantifiable results.
In order to position Nigeria for a low-carbon and climate-resilient future, the plan focuses on important sectors like power, transportation, agriculture, garbage, and industry. It also promotes inclusiveness by supporting women, youth, and small enterprises.
The launch was attended by senior officials, development partners, and business sector participants, which aligned policy direction and finance interests related to infrastructure and climate projects.
