20/05/2026
The Nigerian Institute of Advanced Legal Studies (NIALS), in collaboration with the Olisa Agbakoba Legal Academy, successfully concluded a three-day specialised training on Nigeria’s Carbon Market Framework from 12th–14th May 2026. Stakeholders from Ministries, Departments and Agencies (MDAs), Regulators, Legal Experts, and Private Sector Participants came together to strengthen institutional readiness for Nigeria’s emerging Carbon Economy.
The Director General of NIALS, Professor Abdulqadir Ibrahim Abikan, underscored the urgency of Climate Action and highlighted Nigeria’s National Carbon Market Framework (NCMF), approved by President Bola Ahmed Tinubu, as a strategic pathway to unlock an estimated $3.8 billion annually in Climate Finance. He emphasized the importance of Legal Compliance, Institutional Coordination, Carbon Taxation, Emissions Trading, and Article 6 Mechanisms under the Paris Agreement.
The training featured presentations by leading experts in Climate Governance, Environmental Law, Taxation, Intellectual Property, and Carbon Market Transactions. Discussions focused on Nigeria’s Climate Change Act 2021, the Structure and Governance of the Carbon Market, Compliance and Enforcement Systems, Taxation and Fiscal Incentives, Dispute Resolution, Intellectual Property and Technology Transfer, and Opportunities for Private Sector Participation.
A major highlight was the presentation by former Director General of the National Council on Climate Change, Dr. Nkiruka C. Maduekwe, who examined the Legal and Policy Foundations of Climate Action and stressed that Climate Governance had evolved from voluntary commitments to enforceable obligations. Other experts explored the importance of robust Monitoring, Reporting and Verification (MRV) Systems, Carbon Registries, Emissions Trading Mechanisms, and the need for a dedicated Carbon Market Act to strengthen Nigeria’s Regulatory Framework.
International perspectives were also shared, particularly Kenya’s experience with Article 6 Carbon Trading Mechanisms, offering Nigeria practical lessons on Institutional Readiness, Investor Confidence, and Community Benefit-Sharing.
