President Bola Tinubu has unveiled a groundbreaking initiative for a sustainable and eco-friendly future in Nigeria.

During a meeting with stakeholders and investors in Dubai on the sidelines of the COP28 climate summit, the President shared plans for the deployment of a fleet of 100 electric buses, marking a significant stride towards reducing the country’s carbon footprint and modernizing its transportation systems.

Presidential aide Ajuri Ngelale announced the President’s remarks, highlighting the strategic move as part of a broader effort to position Nigeria and Africa as leaders in green manufacturing and industrialization.

President Tinubu expressed his commitment to prioritizing natural gas as a transition fuel alongside other renewable energy sources.

To lead this transformative initiative, President Tinubu appointed Zacch Adedeji, Chairman of the Federal Inland Revenue Service (FIRS), and Dahiru Salisu, DG of the National Council on Climate Change (NCCC), as co-chairs for the Nigeria Carbon Market Activation Plan.

The President emphasized the need for an environment that attracts investments while upholding standardized and sustainable industrial practices.

He stated, “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.”

Tinubu also assured prospective investors that the initiative is not merely a pilot project but a long-term commitment.

He acknowledged the urgency for global collaboration on climate-related challenges and called on international partners to join hands in accelerating efforts towards a net-zero future.

FIRS Chairman Zacch Adedeji commended President Tinubu’s visionary leadership, pledging the committee’s full commitment to implementing efficient policies and frameworks for sustainable carbon market growth.

Source: Peoples Gazette

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