Nigeria, Oct. 31 -- President Bola Tinubu has authorised the adoption of a national carbon market framework, the operationalisation of the climate change fund, and the reinstatement of the National Council on Climate Change (NCCC) in Nigeria's annual budget.

The approval followed a presentation by the director general of the NCCC, Omotenioye Majekodunmi, during the second meeting of the council held on Thursday in Abuja.

A statement issued on Friday by the senior special assistant to the president on media and communications, Stanley Nkwocha, noted that the move aims to position Nigeria to effectively partake in the global carbon market and unlock between $2.5 billion and $3 billion yearly in carbon finance over the next ten years.

The...