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Carbon market milestone: Nigeria approves first export of carbon credits from clean cooking projects.
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Global partnerships: Credits transferred to CORSIA under Paris Agreement Article 6.2, in collaboration with Kenyan firm Key Carbon.
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Climate finance focus: Initiative supports emissions reduction and sustainable development while boosting domestic carbon market.
In a first for the nation, the federal government has authorised the export of 5.2 million carbon credits generated from improved cookstove projects.
The approval, granted to BURN through the National Council on Climate Change (NCCC), allows the credits to be sold internationally under the aviation offset mechanism, CORSIA.
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The move is part of Nigeria’s broader efforts to build a domestic carbon market ecosystem, strengthen climate finance, and meet emissions reduction targets.
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It also aligns with the Nigerian Carbon Market Activation Policy (NCMAP), launched in 2025, which aims to mobilize $2.5 billion by 2030 through carbon trading.
Dt Nkiruka Maduekwe emphasised that the framework is designed to benefit local populations while supporting sustainable development.
Similar projects across Africa, including in Malawi and Ghana, have also been integrated into global carbon markets, although some countries like Kenya remain cautious about export approvals.