Nigeria will rollout 100 electric buses in a step towards a sustainable and eco-friendly future, President Bola Tinubu said Saturday.
The “pioneering initiative” is to “significantly” reduce Nigeria’s carbon footprint and modernise the country’s transportation systems,” Tinubu said in Dubai, United Arab Emirates, on the margins 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.”
President Tinubu also named Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), and Dahiru Salisu, Director-General of the National Council on Climate Change (NCCC), as co-chairs of the Nigeria Carbon Market Activation Plan.
While the initiative is part of an effort to establish Nigeria and Africa as leaders in green manufacturing and industrialization, Tinubu is asking other African countries to follow suit.
”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.
