Nigeria's carbon market could be worth $2.5 billion to $3 billion annually by 2030, according to government estimates, but the architecture to deliver that value is still incomplete. This article from THISDAYLIVE kicks off a series examining the National Carbon Market Framework, the entities responsible for making it work, and the rural communities who stand to benefit but largely don't know the market exists. The piece breaks down the roles of the National Council on Climate Change, the Ministry of Industry, Trade and Investment, and the Financial Reporting Council of Nigeria. It highlights that while the policy framework is taking shape on paper, key gaps remain: no published No-Objection procedures for project approvals, no machine-readable national carbon registry, and sustainability disclosures that are not linked to the national GHG registry or carbon credit MRV systems. For a market projected to create up to 2.3 million green jobs, these are not minor technical problems.
