The President 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 margins of the COP28 climate summit.
President Tinubu explained that the strategic initiative is aimed at significantly reducing Nigeria's carbon footprint and modernizing the country's transportation systems as part of a larger effort to position Nigeria 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
To spearhead this transformative plan, the President announced the appointment of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Mr. Dahiru Salisu, to co-chair 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 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,'' the President stated.
The President 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.
President 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 catalyze their markets for sustainable growth,'' the President concluded.
President Tinubu explained that the strategic initiative is aimed at significantly reducing Nigeria's carbon footprint and modernizing the country's transportation systems as part of a larger effort to position Nigeria 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
To spearhead this transformative plan, the President announced the appointment of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacch Adedeji, and the Director-General of the National Council on Climate Change (NCCC), Mr. Dahiru Salisu, to co-chair 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 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,'' the President stated.
The President 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.
President 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 catalyze their markets for sustainable growth,'' the President concluded.
What is wrong with these people's brain????!!!! Electric Buses wants to operate in a country with vert unsteady electricity, bad roads ,bad maintenance, horrible mentality ***** add yours 🙄🙄🚶♀️🚶♀️🚶♀️
ReplyDeleteIt's endless o. God help us
DeleteInteresting.
DeleteThe most complex B
My thoughts exactly
DeleteCollapsing grid
DeleteIrregular supply
Rain fall= power failure
High cost of power
Yet electric buses?
The disconnect is ridiculous
Electric buses that the battery would drain for sitting in traffic for hours and nowhere to charge it. Okay oo!!!.
DeleteHow about you sort out the bad roads first ,electric Buses is not Nigerians priority right now abeggg
ReplyDeleteHonestly this is not it for now
DeleteThe bad roads and electricity issues should have been fixed first.
ReplyDeleteWill the electric buses ply on our potholes roads😔😳
ReplyDeleteElectric buses when there is hunger in the country.
ReplyDeleteHmmmmmmmm it's well
Electric Cars
ReplyDeleteWhew!!!
Make it make Sense naaa
NAIJA never generate enough Electricity for its Citizen.
The Country needs Stable Electricity before anything.
How about insecurities, hunger, shelter, employment, infrastructure and refurbished building's and businesses et Al, what happens to sort all these.?
ReplyDeleteGod please save us from our leaders o
While this may sound interesting and promising, I still feel it's out of place at the moment.
ReplyDeleteOne major problem with successive government of Nigeria is that, they usually place the cart before the horse, that's majoring in the minor.
Will this alleviate the poor Nigerians suffering at the moment? Will it improve the economy of the country? I don't want to talk about the bad roads it will ply on. Probably it's meant for Abuja alone cos that's were I know had better roads and some most part of northern states.
And gas is still being flared in the SS? Let's continue deceiving ourselves. It's who got the contract for the buses for me
ReplyDeleteYOUR COMMENTS ARE PAINFUL TO READ AND IT MAKES ME SAD: THIS HAS NOTHING TO DO WITH OUR ROADS OR WITH TINUBU BUT PLEASE BE INFORMED THAT IN THE COMING YEARS NORMAL CARS WILL BE REPLACED BY ELECTRIC CARS; SO ALL COUNTRIES MUST START PLANNING AHEAD.........START ROLLING OUT THE CARS NOW COS THERE WILL BE RUSH FOR IT SOON AND THE PRICES WILL BE DOUBLE...make una read pass gossip news abeg!
ReplyDeleteBig Stelz,
DeleteThe initiative is a good one and no doubt. Nobody is against development. I feel our worries are justified. If the electric buses arrive Nigeria, will they be put on hold until the roads are been constructed? Imagine Port Harcourt - Aba road have been bad for so long that motorist are now using Etche to connect Enugu and Abia state. Even the Etche road isn't all that good as well. This made transportation fare to double.
You can't even go to Aba through the express. A journey of 45mins now takes almost 2hrs. Will such buses ply that route?
First thing first and this is how Germany and other first class countries developed. As an accountant, I can tell you in all honesty that, this isn't a good priority at the moment. This is a long term goal which is quite appreciable but then, we need to get the short urgent goals that are necessary done. I still believe Nigerians can afford electric cars when the time comes. It can even be produced here by Innoson motors if supported and encouraged by the government.
The power sector need to do better and improve its supply. What the government should be talking is how to generate adequate power to Nigerians and more also fix our deplorable roads. Not everyone can fly to their destination.
If the government improve power supply, you will see and agree with me that 75% of our problems have been lifted. Everyone knows how much we spend on fuel both at home and offices. That money will be used for other purposes.
In all, I wish Mr Bola Tinubu well.
PLEASE I DONT HAVE ENERGY FOR LONG EPISTLES: I AM NOT TALKING ABOUT THE RADS OR SAYING THEY DONT NEED REPAIRS; I AM EXPLAINING WHY THESE KINDS OF CARS ARE GOING TO BE A MUST VERY SOON WEDA THERE IS LIGHT OR NOT OR WEDA THERE IS GOOD ROAD OR NOT::::::U MUST NOT ALWAYS HAVE THE LAST SAY ..............
ReplyDeleteMOST NIGERIANS ARE TOO IGNORANT AND ONLY KNOW UPDATES ABOUT INSTAGRAM FIGHTS AND WHOP IS DRAGGING WHO
Thank you Stella, they think they know it all. No doubt Nigeria has bad roads, if Nigeria really wants to fix those bad roads, how long will it take them to fix those roads if they really concentrate on it, it shouldn't take more than 1 month max for each road depending on the length of each road and how badly damaged it is.
DeleteLike you said petrol and diesel cars are being slowly phased out, very soon manufacturers will stop the manufacturing of petrol and diesel cars, Nigeria should be prepared and start investing now. I don't live in Nigeria, I drive an electric car and I have a charging station right on my driveway to charge my car.
Anon do we have charging stations here? These are the problems. We don't do things accordingly as it should. The electric cars are very okay and commendable but it's not our major worries now.
DeleteStella, you don't understand what they're saying.
DeleteWe all know where the world is going in terms of innovation and technology. Nigeria is far behind at the moment.
Basic human needs is still a huge challenge, unlike some other places where these needs are not an issue at all.
In the abroad, people with minimum wage feeds, pay bills, and still go on vacation.
But in Nigeria today, you have to cut corners to do these things.
We know electric cars will soon be the norm but is not yet. Why is electric bus the focus for our govt now? That's the question
If you like don’t post my comment. I will
ReplyDeleteKnow you DEf read it.
Electric cars in Nigeria? With all the dead roads we have?
ReplyDeleteWhich generation we go reach there?
Clueless government.
Sluttychic.
Electric cars are premature for Nigeria and subsaharan Africa. The government needs to focus on building a better foundation. Pick two issues to solve by 2025- electricity for all and good roads. Most Nigerians want to do honest work so take these major constraints off their necks and backs. We are talking about electric cars when people are still cooking with kerosene stoves. Yes it’s important to think about climate change but an underdeveloped nation can’t frame it in the same way as a developed society. It’s madness- Think critically! If people need help in understanding basic economics, look at Maslow’s hierarchy of needs.
ReplyDeleteThanks.
DeleteTiming is the bone of contention here.
that headless goat dropping insulting commets,keep wasting your time... vagabond!
ReplyDeleteHahahahahahaha
DeleteShe say na vagabond.
Sometimes, enable the comments let's dissect the sender small.
Misplaced priorities
ReplyDeleteNice one
ReplyDeleteBitter comments everywhere
ReplyDeleteTueh!
I applaud the FG on this one
Haters of good news should go on ahead and asphyxiate
It's a worthy investment but those electric cars should be for only Surulere and Ikeja local government.
ReplyDeleteThey must not cross;
Alimosho
Ejigbo
Isolo
Their brothers;
Ifako Ijaiye
Kosofe
Ikorodu
And their other sisters;
Eti Osa
Ibeju Lekki
Epe.
Ste...the last 3 LGAs, people leave their homes at 4am and don't still get to Apapa offices at 9am.
Use online radio APPs and tune into Lagos fm radios.
The live commentaries are shocking.
5 hours of traffic ain't beans.