Nigeria’s Senate Committee on National Planning and Economic Affairs has pledged legislative action to boost carbon finance and climate resilience, as climate change intensifies economic pressures.
Senator Austin Akobundu who is the Deputy Chairman, Senate Committee on National Planinng and Economic Affairs, made the pledge while presenting a welcome address at the High-Level Discourse on Climate Change and Carbon Finance held on Monday, 15th June, 2026 in Accra, Ghana.
Akobundu, who presented the address on behalf of Chairman of the Committee, Senator Musa Mustapha, said Nigeria faces desertification, flooding, erratic rainfall, and displacement issues.
He noted carbon markets, climate funds, and green bonds offer Nigeria revenue, jobs, and investment opportunities through its forests, agriculture, and renewable energy while also citing Kenya, Rwanda, and Uganda as examples of African success stories in this regard.
According to him, the Committee plans to strengthen Nigeria’s carbon finance framework, integrate climate resilience into national budgets, improve oversight of climate investments, and expand access to international climate finance.
The event was convened by ACEP Ghana with RMAFC and Signox Consultancy as co-organisers. It was concluded that recommendations from the discourse will guide future legislation.
Senator Mustapha declared the discourse open and urged focus on “actionable strategies” to turn climate risks into growth.
Highlights of the event included presentations and group photographs by the participants.
