The African Green Economy Stakeholders Initiative (AGESI) has unveiled an advisory titled ‘Forging Nigeria’s Green Future: A Strategic Blueprint for the Forthcoming NDC 3.0’, offering a roadmap for Nigeria’s leaders and partners as the country finalises its pivotal national climate strategy.
With Nigeria on the brink of submitting its Third Nationally Determined Contribution (NDC 3.0), AGESI’s document positioned itself as a call to action and practical guide for government officials, private sector leaders, and international investors. The document was released on Saturday by the organisation.
The blueprint not only highlights the transformative ambition of the soon-to-be-released NDC but also provides step-by-step recommendations to ensure its success from day one.
AGESI’s advisory noted that NDC 3.0 marks a “fundamental paradigm shift” in Nigeria’s development narrative. Rather than viewing climate action as a regulatory burden, the strategy recasts it as an engine of economic growth. Central to the document is the proposal for Nigeria to adopt clear and ambitious absolute emissions targets—20% unconditionally, and up to 47% conditional on international support by 2035—moving away from previous, less rigorous targets.
The blueprint emphasises the Circular Economy as the anchor of this transformation. According to AGESI, Nigeria’s Circular Economy Roadmap goes beyond incremental policy changes. Instead, it seeks systemic industrial reform—eliminating waste, keeping materials in play, and restoring natural resources—that could unlock efficiencies and spur local innovation.
Recognising the critical need to attract both domestic and global investment, AGESI’s report details a proposed 8-Pillar Investment Framework for the NDC. This framework is designed to build investor confidence by ensuring effective project vetting, robust governance through the National Council on Climate Change (NCCC), and radical transparency via international-standard tracking systems.
AGESI points to flagship projects, such as the planned Lagos Waste Valorisation Facility, as examples of how the proposed approach can transform environmental liabilities into assets with high returns, both financially and environmentally.
AGESI’s blueprint concludes with tailored recommendations. It calls on government ministers to maintain bold targets, prepare institutions for immediate action, and finalise key fiscal incentives such as Green Bonds and a national Green Finance Taxonomy.
For private sector players, AGESI urges alignment with the NDC’s direction and early project pipeline development. International investors, meanwhile, are encouraged to ready blended finance instruments and support project preparation to ensure a pipeline of investable, de-risked projects post-launch.
“This is not just a climate plan,” AGESI’s advisory insists. “It is an investable blueprint for national transformation and sustainable prosperity.”
The release of AGESI’s strategic blueprint arrives as anticipation builds for Nigeria’s official unveiling of NDC 3.0 later this year—an event expected to set a new standard for climate policy and green investment across Africa.
