Nigeria's Deputy Speaker Benjamin Kalu used the Nigeria Climate Investment Summit in London to pitch the country's green transition as a concrete investment opportunity. He highlighted solar mini-grids, battery storage, clean cooking, and transmission upgrades as immediate areas for capital. The speech also covered climate-smart agriculture, cold-chain logistics, electric mobility, and waste-to-value systems. Kalu pointed to Nigeria's Climate Change Act and Electricity Act as the legal backbone for investors. He called for blended finance, green guarantees, and local-currency financing to lower capital costs. The pitch is tied to broader reforms like fuel subsidy removal and forex unification, which he says have improved fiscal space and investor confidence. A proposed Nigeria-London Green Finance Partnership would create a pipeline of bankable projects across clean energy, transport, agriculture, and resilient infrastructure. The question is whether the legal frameworks and project preparation systems are mature enough to turn these proposals into funded projects.
