Nigeria’s President Bola Ahmed Tinubu has launched an initiative to deploy a fleet of 100 electric buses in the country. He said it is part of his administration’s effort towards a greener and eco-friendly economy in the transportation sector.
Tinubu disclosed this when he spoke at a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and Electric Buses Rollout Programme on Saturday in Dubai, United Arab Emirates, on the sidelines of the COP28 climate summit.
Nairametrics quoted him stressing that the strategic initiative aims to reduce the country’s carbon footprint and revamp its transportation systems.
The broader objective is positioning Nigeria and Africa at the forefront of green manufacturing and industrialization, emphasising natural gas as a transitional fuel and integrating other renewable energy sources.
In driving forward this transformative plan, the President appointed Mr Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), and Mr Dahiru Salisu, Director-General of the National Council on Climate Change (NCCC), to jointly helm the Nigeria Carbon Market Activation Plan.
He reiterated his commitment to end gas flaring in the country as well as promote a greener economic environment.
The President said that his administration is implementing policies and frameworks that will catalyze the burgeoning growth of the carbon market within its national borders.
“This initiative is a testament to our dedication to environmental stewardship as 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.
Tinubu called for a collaborative effort to tackle climate-related challenges judiciously, urging global partners and investors to invest in developing countries towards achieving a net-zero future.