Nigeria has announced plans to deploy a fleet of 100 electric buses to support public transportation as part of its sustainable and eco- friendly initiatives.
President Bola Tinubu disclosed this at a meeting with stakeholders and investors at the COP28 climate summit currently underway in Dubai, UAE.
The Nigerian President explained that the strategic initiative is aimed at reducing Nigeria’s carbon footprint and modernising the country’s transportation systems.
This, Mr Tinubu said was part of a larger effort to position Nigeria and Africa as the pioneering frontier of green manufacturing and industrialisation with a focus on natural gas as a transition fuel alongside other renewable energy sources.
To spearhead this transformative plan, President Tinubu announced the appointment the chairman of the Federal Inland Revenue Service, (FIRS) Zacch Adedeji, and the D-G of the National Council on Climate Change (NCCC) Dahiru Salisu as the two co-chairs for the Nigeria Carbon Market Activation Plan.
”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.
”We recognise the imperative of fostering an environment that not only attracts investment but also upholds standardised 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,” President Tinubu said in a statement issued by his Spokesperson Ajuri Obari Ngelale.
Mr Tinubu assured prospective investors that this initiative transcends being a mere pilot project.
”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,” he said.
Mr Tinubu, while acknowledging the pressing need for a comprehensive global collaboration on climate-related challenges, called on global partners to join hands in accelerating collective efforts towards a net-zero future.
”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.
”In this pursuit, we acknowledge the pressing need for comprehensive global collaboration, and we reiterate our commitment to being an active participant in international efforts.
”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 catalyse their markets for sustainable growth,” the Nigerian President said.
Source: https://energynewsafrica.com/