By Atoyebi Nike
The University of Nigeria, Nsukka (UNN), is taking a leading role in shaping Nigeria’s carbon market through evidence-based policy input and collaborative research.
At a stakeholder workshop held in Abuja on July 16, Acting Vice-Chancellor Prof. Oguejiofo Ujam said UNN, through its Resource and Environmental Policy Research Centre (REPRC–EfD Nigeria), is working with partners to guide the development of a robust regulatory framework for the country’s voluntary carbon market (VCM).
He noted that carbon markets offer financial incentives for reducing greenhouse gas emissions and are critical to global climate goals under Article 6 of the Paris Agreement.
Ujam highlighted Nigeria’s ambition to secure $2.5 billion in high-integrity carbon credit investments by 2030, stressing the need for well-informed governance to avoid emissions leakages and ensure fair distribution.
“Nigeria has vast VCM potential, but without integrity and oversight, marginalised groups could be affected,” he warned.
Prof. Nnaemeka Chukwuone, Director of REPRC-EfD, added that carbon markets also aid long-term carbon storage and emission reduction, urging sustained stakeholder engagement.
Delta State Commissioner for Environment, Mr. Jamani Ejiro—represented by Mrs. Briggs Doye—emphasised the importance of clear regulation, national carbon registry, and transparent monitoring systems.
The workshop served as a platform for experts to exchange insights on risks and opportunities in Nigeria’s emerging carbon market ecosystem.
