The Federal Ministry of Finance has officially nominated the Office of the Senior Special Assistant to the President on Climate Finance and Stakeholder Engagement (OSSAP-CFSE) as a member of both the National Committee and the Secretariat for the Nigeria Green Taxonomy Development, according to a formal communication dated April 10, 2026.
The Nigeria Green Taxonomy represents a strategic national framework aimed at defining environmentally sustainable economic activities and mobilizing sustainable finance in alignment with Nigeria’s climate and development priorities. The Taxonomy is being developed by the Federal Ministry of Finance in collaboration with the United Nations Development Programme (UNDP).
According to the notification from the Deputy Director of International Development Funds at the Federal Ministry of Finance, the National Committee will provide strategic direction and oversight, including approval of key policy and executive decisions relating to Taxonomy development, implementation, and periodic review to ensure alignment with national climate and development priorities.
The Secretariat will be responsible for administrative support, facilitation of technical deliberations, and coordinating the various governance structures towards the effective development, validation, and adoption of the Taxonomy.
The nomination of OSSAP-CFSE to both the National Committee and Secretariat positions the office at the center of Nigeria’s effort to define, validate, and operationalize sustainable economic activities that will guide climate finance mobilization across critical sectors.
This appointment aligns with OSSAP-CFSE’s mandate to architect Nigeria’s climate finance mobilization strategy and coordinate stakeholder engagement across government, development partners, and the private sector.
The Green Taxonomy will provide the foundational framework for channeling domestic and international climate finance into verified, nationally prioritized sustainable investments.
The development of a nationally appropriate, internationally aligned Green Taxonomy represents a critical step in Nigeria’s transition from climate policy formulation to investment execution, providing clear definitions and standards that will enable financial institutions, investors, and project developers to identify, structure, and finance genuinely sustainable economic activities.
Source: www.climatewatchonline.com
