Nigeria’s President Bola Tinubu has announced plans to roll out 100 electric buses as part of his “Greener Nigeria Vision”, one of his key campaign promises.
The president unveiled the plan on Saturday at the ongoing COP28 in Dubai, United Arab Emirates (UAE), during a high-level meeting with stakeholders and investors on the Nigeria carbon market and electric buses rollout programme.
In a statement by Special Adviser to the President on Media & Publicity, Ajuri Ngelale, Tinubu added that the initiative was also part of efforts to position Nigeria and Africa as the pioneering frontier of green manufacturing and industrialisation.
He explained further that the strategic initiative was aimed at significantly “reducing Nigeria’s carbon footprint and modernizing the country’s transportation systems as part of a larger effort to position Nigeria and Africa as the pioneering frontier of green manufacturing and industrialization with a focus on natural gas as a transition fuel alongside other renewable energy sources.”
”This initiative stands as a testament to our dedication to environmental stewardship as clearly exemplified through our collaboration with the Africa Carbon Market Initiative,” he said.
“Our visionary plan is a strategic guidepost, directing Nigeria towards becoming an investment-friendly destination for carbon market investments.
”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.
”In further driving my commitment, I have recently approved an Inter-governmental Committee on Carbon Markets to be chaired by the Executive Chairman of the Federal Inland Revenue Service and the Director-General of the National Council on Climate Change to drive this visionary plan.
”It is a concrete manifestation of our unwavering dedication to a carbon-neutral future. I assure you, this is only the commencement of our ambitious plans, with many more impactful initiatives on the horizon.
“In the immediate term, Nigeria will proudly unveil a series of innovative, clean, modern, and sustainable initiatives across diverse sectors. These initiatives are strategically designed to not only address climate change-related challenges but also to position Nigeria as an attractive destination for global investments.
”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,” he said.