The Federal Government has issued a Letter of Authorisation for the international transfer of 5.2 million carbon credits. This authorisation—the first of its kind from Nigeria under Article 6 of the Paris Agreement—marks a clear shift from policy ambition to active market participation.
In this explainer, we break down what this development means, unpack the key concepts, examine its implications, and highlight emerging opportunities for project developers and investors, as well as what lies ahead for Nigeria’s carbon market.
