The Federal Government has launched a Net Zero Investment Plan designed to mobilise climate finance, accelerate sustainable economic growth, and strengthen Nigeria’s pathway to net zero emissions by 2060.
The plan was unveiled in Abuja by the National Council on Climate Change as part of efforts to turn Nigeria’s climate commitments into concrete investment opportunities for domestic and international financing.
Developed under the NDC Partnership’s Global Call for NDCs 3.0 and LT-LEDS, the framework received technical support from Deutsche Gesellschaft für Internationale Zusammenarbeit and funding from the German Federal Ministry for the Environment, Climate Action, Nature Conservation and Nuclear Safety through the International Climate Initiative.
The Net Zero Investment Plan is intended to serve as a roadmap for implementing Nigeria’s long-term climate agenda. It identifies priority sectors for investment, outlines financing needs, and proposes mechanisms to address existing climate finance gaps.
Government officials said the initiative aligns with Nigeria’s economic transformation agenda and supports the country’s goal of becoming a leading climate-responsive economy in Africa under the African Union Agenda 2063.
The framework builds on Nigeria Agenda 2050, the Nationally Determined Contributions, and the Long-Term Low-Emission Development Strategy, which provide the policy foundation for Nigeria’s transition to climate-resilient growth.
Under the Long-Term Low-Emission Development Strategy, Nigeria targets net zero greenhouse gas emissions by 2060. The Nationally Determined Contributions outline short- and medium-term actions under the Paris Agreement.
Speaking at the launch, Country Director of GIZ, Markus Wagner, described the plan as a critical tool for turning climate goals into bankable projects that can attract large-scale investment.
He said the framework provides a structured approach for mobilising public and private capital toward climate resilience, low-carbon industrialisation, and sustainable economic development.
Wagner noted that achieving net zero emissions will require collaboration among government institutions, development partners, financial organisations, and the private sector. He said the plan demonstrates Nigeria’s intent to align climate action with economic priorities while creating opportunities for innovation, green jobs, and long-term growth across key sectors.
Analysts say the launch could improve investor confidence in Nigeria’s green economy ambitions and help the country access growing pools of global climate finance for low-carbon and climate-resilient development.
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