In a strategic push to drive green economic transformation, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today convened a high-level meeting with representatives from the Nigeria Sovereign Investment Authority (NSIA), the National Council on Climate Change (NCCC), and the Green Climate Fund (GCF) to advance the Nigerian Climate Investment Platform (NCIP).
The NCIP is a country-led, transparently governed initiative aimed at unlocking up to $500 million in climate finance for infrastructure, resilience, and climate adaptation projects across Nigeria.
“NSIA has earned the trust and demonstrated the capability to lead this initiative,” said Minister Edun. “If accreditation is the final step, I am confident they are prepared. In today’s global economic climate, we must harness every opportunity—especially in climate finance—to stimulate growth, enhance export competitiveness, and support key sectors such as agriculture, infrastructure, and digital innovation.”
NSIA Director-General, Mr. Aminu Umar-Sadiq, remarked: “The Honourable Minister’s call to build a credible, investment-ready platform has driven this collaboration. We’ve engaged the GCF and domestic stakeholders to develop a structure capable of attracting both international and local capital.”
Representing the Green Climate Fund, Mr. Soji Omisore emphasized the need for targeted action in Nigeria. “At present, there is no dedicated GCF-backed project focused exclusively on Nigeria. That must change. We are here to jointly design a country platform that aligns with Nigeria’s climate priorities.”
Dr. Nkiruka Maduekwe, Director-General of the NCCC, underscored the urgency of expanding Nigeria’s access to international climate financing. “Smaller countries have multiple accredited entities. Nigeria must step up. We are advocating for NSIA, NASRDA, and even the Ministry of Finance to pursue GCF accreditation.”
The NCIP is a cornerstone of Nigeria’s broader strategy to attract climate-aligned capital and position the country as a regional leader in sustainable finance—especially as shifting global trade norms and the African Continental Free Trade Area (AfCFTA) create new pathways for green economic growth.