Abuja, Nigeria – The Office of the Senior Special Assistant to the President on Climate Finance & Stakeholder Engagement (OSSAP-CFSE) met with the Central Bank of Nigeria (CBN) to discuss strengthening Nigeria’s climate finance ecosystem. The meeting, held on February 2, 2026, aimed to deepen climate finance development within the financial sector.
The discussions were constructive and forward-looking, reflecting a shared commitment to strengthening Nigeria’s domestic climate finance architecture. The CBN’s leadership and regulatory authority are crucial in mobilizing climate finance and scaling sustainable finance across Nigeria’s financial system.
“Our collaboration with CBN is a significant step towards building a robust climate finance ecosystem in Nigeria,” said the Senior Special Assistant to the President on Climate Finance & Stakeholder Engagement.
The meeting highlights the importance of partnership and strategic alignment across institutions to build a robust climate finance ecosystem. This collaboration is expected to drive transformative market development and support Nigeria’s climate goals.
Nigeria has been actively working to enhance its climate finance landscape, with initiatives such as the Nigerian Sovereign Green Bond Program and the development of a climate finance guide to access the $2 trillion global green economy.
The OSSAP-CFSE and CBN will continue to collaborate, building on their shared commitment to strengthening Nigeria’s climate finance ecosystem.
In related news, Access Bank and the Bank of Industry (BOI) have adopted a Nigeria-built climate tech platform, CarbonScope360, to track emissions and support sustainable finance. The Nigerian government has also allocated resources to the Climate Change Fund, with support from the World Bank, International Finance Corporation (IFC), and the IMF, to expand green finance.
Nigeria’s climate finance needs are estimated at $17.7 billion annually, but current investments are only 11% of this amount. The country has made progress in climate policy and planning, with initiatives like the Nigeria Energy Transition Plan and the National Energy Policy.
The collaboration between OSSAP-CFSE and CBN is expected to play a significant role in addressing Nigeria’s climate finance gap and supporting the country’s sustainable development goals.
Source: www.climatewatchonline.com
