Nigeria will in the nearest future launch 100 electric buses, according to President Bola Tinubu.
Tinubu made the announcement during the COP28 climate summit in Dubai, United Arab Emirates.
According to him, the initiative aims to reduce Nigeria’s carbon footprint and modernize its transportation systems.
The President said through his spokesman, Ajuri Ngelale in a statement.
“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.”
The President also appointed key figures to co-chair the Nigeria Carbon Market Activation Plan, while emphasizing the country’s commitment to green manufacturing and industrialization.
The statement added:
“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.
“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.”