VP Shettima Inaugurates Intergovernmental Carbon Market Activation Plan Committee
* As FG moves to tap from $2.5 billion market
Vice President @KashimSM on Thursday inaugurated the Intergovernmental Committee on Carbon Market Activation Plan in the bid to create a blueprint to drive an efficient sustainable carbon market ecosystem.
This is in fulfillment of the promise made by President @officialABAT to reduce Nigeria’s carbon footprint as well as plans by the Federal Government, in collaboration and support of the Africa Carbon Market Initiative (ACMI), to tap from the carbon market which has an estimated value of $2.5 billion.
The inauguration of the committee chaired by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, followed the creation of the Intergovernmental Committee on Carbon Markets by the President at the COP28 in December 2023.
Inaugurating the committee at the Presidential Villa, Abuja, VP @KashimSM said the move is a justification of the @officialABAT administration’s focus on natural gas as a transition fuel.