He noted that the Federal Government’s 2025 sovereign green bond, initially worth 50 billion naira (about $38 million), attracted 91 billion naira in bids, while a similar climate bond issued by Lagos State was nearly 98 per cent oversubscribed.

Independent market data confirms that Nigeria’s sovereign green bonds have attracted strong subscription rates, underscoring broad investor interest.

Tinubu also reaffirmed Nigeria’s long-term Energy Transition Plan, which seeks to achieve net-zero emissions by 2060 while expanding access to reliable energy for businesses and households.

As part of this agenda, he said the government is working to reduce methane emissions and gas flaring, modernise the national grid through digital innovations such as artificial intelligence, and pilot projects in electric mobility and green industrialisation.

At the summit, Nigeria and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement (CEPA) intended to deepen trade and investment linkages across several sectors, including renewable energy, aviation, logistics, agriculture, digital trade, and climate-smart infrastructure.

According to official statements, the pact is designed to foster technology transfer and expand cooperation on sustainable development initiatives.

President Tinubu emphasized the importance of blended finance, an approach that mixes public, philanthropic, and private capital to make projects more investible.

He suggested this model could be more effective than traditional sovereign guarantees, which he said place disproportionate burdens on emerging economies.

The climate fund and associated initiatives build on earlier domestic green finance efforts, including the Nigeria Sovereign Investment Authority’s $500 million Distributed Renewable Energy Fund, launched in March 2025 to stimulate local financing for clean energy projects.

Tinubu highlighted that policy reforms have helped boost non-oil exports by 21 per cent and attracted more than $50 billion in investment commitments across key sectors.

Nigeria’s recent climate finance push comes amid broader global efforts to support sustainable energy transitions, particularly in countries with large energy needs and significant climate risks.

By showcasing its plans at Abu Dhabi Sustainability Week, Abuja is signalling to international partners that it is open for business and keen to leverage capital flows for both climate and economic goals.