Nigeria’s Green Economy Provides Diverse Investment Opportunities – Benjamin Kalu

Benjamin Kalu

The Deputy Speaker of the House of Representatives, Benjamin Kalu, has said that Nigeria is a prime destination for climate and green economy investments. He recently had his say at the Nigeria Climate Investment Summit, a flagship event of the London Climate Action Week.

According to him, Nigeria’s transition to a green economy presents practical and bankable opportunities capable of delivering strong returns while tackling climate and development challenges.

He concluded by urging international financiers and development partners to take advantage of emerging opportunities across renewable energy, agriculture, transportation and climate-resilient infrastructure.

His words, “The opportunities before investors are practical, immediate and diverse. They include distributed renewable energy, solar mini-grids, battery storage, clean cooking solutions, electricity transmission and distribution infrastructure, and industrial energy efficiency.

They include climate-smart agriculture, irrigation, cold-chain logistics, food processing and resilient rural infrastructure; investments that can strengthen food security while improving incomes for millions of Nigerians. They include electric mobility, mass transit, low-carbon urban transport, waste-to-value systems, methane reduction, circular-economy enterprises and green manufacturing.

They also include climate adaptation: flood-control systems, resilient drainage, coastal protection, nature-based solutions, climate-resilient housing and infrastructure that can protect communities and productive assets from the growing effects of climate change.

This is especially important because Nigeria’s climate challenge is both a mitigation challenge and an adaptation challenge. Our people are already living with the consequences of extreme weather, flooding, land degradation, food insecurity and climate-related displacement. Climate finance must therefore support both emissions reduction and human resilience.

Our message is simple: Nigeria’s green transition must be a just transition. It must expand access to affordable energy, create decent work, support communities, equip young people with new skills, promote women’s participation in the green economy and ensure that no region or social group is left behind.

Climate investment thrives where there is confidence in the broader economic environment. Under the leadership of His Excellency, President Bola Tinubu, and supported by robust legislation from the 10th National Assembly, the government has embarked on significant economic reforms aimed at restoring fiscal credibility, improving revenue mobilisation, strengthening the foreign-exchange framework and creating a more sustainable foundation for long-term growth.

The removal of the fuel subsidy has redirected vital public resources toward infrastructure, doubling government revenues in 2025 to over 28.3 trillion naira. Furthermore, the unification of the foreign exchange market has reduced trade arbitrage, increased foreign exchange liquidity, and boosted international investor confidence.

The Climate Change Act provides Nigeria with an important legal framework for climate governance, carbon budgeting, emissions reporting, climate-action planning and the development of market-based mechanisms that can support low-carbon growth.

The Electricity Act has also opened a new chapter in Nigeria’s power sector. By enabling greater decentralisation and expanding the scope for state electricity markets and private-sector participation, it has created fresh opportunities for subnational governments, investors and innovators to develop electricity solutions that respond to local needs.”

WOW.