Abuja, Nigeria – A strategic policy dialogue on Nigeria’s climate finance architecture took place today at the 2nd Nigeria Sustainable Finance Intensive, NgSFI 2026.
The closed-door session brought together senior pension fund executives, insurance investment heads, asset managers, and financial regulators to discuss how Nigeria’s climate finance system is being designed, coordinated, and integrated into national economic planning.
The conversation focused on the intersection of monetary policy, financial regulation, and climate priorities, providing market participants with clarity on policy logic, coordination mechanisms, and forward-looking signals. Nigeria aims to mobilize over US$17 billion in annual climate investment to build a resilient, low-carbon economy.
Senior Special Assistant to the President on Climate Finance & Stakeholder Engagement, Ibrahim Abdullahi Shelleng, and Director of Research at the Central Bank of Nigeria, Aderinola Shonekan, led the dialogue.
Nigeria has made progress in climate finance, 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 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. The country’s climate finance needs are estimated at $17.7 billion annually, but current investments are only 11% of this amount.
The dialogue aimed to align policy thinking with market expectations, essential for mobilizing climate investment. Nigeria’s climate finance architecture is critical to achieving the country’s Nationally Determined Contribution (NDC) target of reducing emissions 47% below business-as-usual by 2030.
The event is being held from February 10-11, 2026, and organized by the Office of the Senior Special Assistant to the President on Climate Finance & Stakeholder Engagement (OSSAP-CFSE) in collaboration with the Central Bank of Nigeria (CBN).
Source: www.climatewatchonline.com
