By Chibuike Nwabuko
ABUJA (PRECISE POST) – Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu, has urged international investors to take advantage of Nigeria’s expanding green economy, describing the country’s transition to a low-carbon future as a gateway to immediate and diverse investment opportunities across key sectors.
Speaking at the Nigeria Climate Investment Summit, a flagship event of the London Climate Action Week themed “Catalyzing Nigeria’s Climate Policy Progress into Financial Flows for Green Projects” in London on Tuesday, Kalu said Nigeria is ready to translate climate policies into bankable projects capable of delivering economic growth, jobs and environmental sustainability.
According to the statement signed by Levinus Nwabughiogu, Chief Press Secretary to the Deputy Speaker, House of Representatives made available to Precise Post on Wednesday, the Deputy Speaker identified renewable energy, agriculture, transportation and climate adaptation infrastructure as major sectors open to investment. According to him, opportunities exist in distributed renewable energy, solar mini-grids, battery storage, clean cooking solutions, electricity transmission and distribution infrastructure, and industrial energy efficiency.
He also highlighted climate-smart agriculture, irrigation systems, cold-chain logistics, food processing and resilient rural infrastructure as investment areas that could boost food security and improve livelihoods for millions of Nigerians.
Kalu further listed electric mobility, mass transit systems, low-carbon urban transportation, waste-to-value projects, methane reduction initiatives, circular economy enterprises and green manufacturing as sectors with significant growth potential.
He stressed that adaptation projects such as flood-control systems, resilient drainage networks, coastal protection, climate-resilient housing and nature-based solutions are equally critical as Nigeria grapples with the effects of climate change.
“Nigeria’s climate challenge is both a mitigation challenge and an adaptation challenge. Our people are already living with the consequences of extreme weather, flooding, land degradation, food insecurity and climate-related displacement. Climate finance must therefore support both emissions reduction and human resilience,” Kalu said.
He emphasized that Nigeria’s green transition must be inclusive, expanding access to affordable energy, creating jobs, empowering communities, equipping young people with relevant skills, promoting women’s participation and ensuring no region is left behind.
Linking climate investment to ongoing economic reforms, Kalu said policies introduced by President Bola Tinubu’s administration have strengthened investor confidence and improved the country’s fiscal outlook.
According to him, the removal of fuel subsidy has freed resources for infrastructure development and helped double government revenues in 2025 to over ₦28.3 trillion, while foreign exchange market reforms have increased liquidity, reduced arbitrage and enhanced confidence among international investors.
Kalu assured investors that the National Assembly is committed to providing legal certainty through legislation such as the Climate Change Act and the Electricity Act.
He noted that the Climate Change Act establishes frameworks for climate governance, carbon budgeting, emissions reporting and market-based climate mechanisms, while the Electricity Act has opened the power sector to greater decentralisation and private-sector participation.
The Deputy Speaker said states, particularly Lagos and other subnational governments, are increasingly positioned to become hubs for green investment through project development, transparent procurement and partnerships with private capital.
He pledged that the 10th National Assembly would continue to strengthen climate legislation, improve investor protection, monitor climate spending and support the growth of carbon markets and green finance initiatives.
Kalu also called on international investors, pension funds, insurers, banks, development finance institutions and philanthropic organisations to collaborate with Nigerian institutions in developing innovative financing models for green projects.
He advocated blended-finance mechanisms, green guarantees, first-loss facilities, political risk insurance, local-currency financing and credit enhancement instruments to reduce investment risks and lower capital costs.
To accelerate climate investments, Kalu proposed the establishment of a structured Nigeria–London Green Finance Partnership aimed at developing an investor-ready pipeline of projects in clean energy, transportation, agriculture, resilient infrastructure and the circular economy.
He said the proposed partnership would help move viable projects from concept to implementation, ensuring that investments translate into infrastructure development, job creation, resilience and shared prosperity.
“Our objective is straightforward: every pound sterling, dollar, naira or euro invested in Nigeria’s green economy should produce measurable value,” Kalu said, urging stakeholders to transform climate discussions into concrete actions and sustainable investments.
