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Home Business news

FG Seeks $60m Climate Finance for Green Energy Hubs, Airport Hybrid Project

Victoria Emeto by Victoria Emeto
July 7, 2025
in Business news
0
FG Seeks $60m Climate Finance for Green Energy Hubs, Airport Hybrid Project

The Federal Government of Nigeria has commenced talks with international financial institutions to secure over $60 million in climate finance for the development of pilot green energy hubs, including a landmark hybrid energy project at a major Nigerian airport.

This was revealed by Vice President Kashim Shettima at the opening of the Decarbonising Infrastructure in Nigeria Summit, held at the State House Conference Centre, Abuja.

The proposed energy hub at the airport is envisioned as a transformative model for delivering clean, affordable, and digitally monitored energy across critical public infrastructure in Nigeria. The initiative is part of broader efforts to unlock sustainable climate finance and support Nigeria’s transition to a low-carbon economy.

VP Shettima stressed the urgency of climate action, warning that continued inaction would jeopardize Nigeria’s economic future.

“We can no longer delay. Climate action is not just about the environment; it is an economic necessity,” he said. “Over 75% of Nigeria’s greenhouse gas emissions come from energy, transport, agriculture, and urban development—sectors vital to our national growth.”

The summit focused on driving collaboration between government, private sector, and global financiers to accelerate investment in climate-smart infrastructure, seen as key to achieving both net-zero targets and sustainable development goals.

Tags: #ClimateFinance#GreenEnergyNigeria#InfrastructureDecarbonisation#LowCarbonDevelopment
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