Niger State Government has signed an agreement with a German management consulting firm, to activate the carbon market potentials of the State and assist it to achieve its objective of attracting one trillion naira in resources and investments.
The agreement was signed on the sideline of the Nigeria Day at the United Nation Climate Change Conference (COP29) in Baku, Azerbaijan.
Secretary to the State Government, Alh. Abubakar Usman, who led the Niger State delegation, signed the agreement on behalf of the State with the Minister of Environment, Alh. Balarabe Abbas, his counterparts in the Regional Development, and Power Ministries as witnesses.
According to the agreement, the German management consulting firm is expected to help Niger State to build its technical capacity, develop Institutional and regulatory frameworks.
The agreement would also grow carbon registry and establish global partnerships on carbon market activities.
The Minister of Environment, Alh. Balarabe Abbas who was excited with the development, called on other sub-nationals to emulate Niger State approach and ensure collaboration with the Ministry and the National Council on Climate Change (NCCC).
He said the collaboration would help the sub-nationals develop the necessary tools, data and technical capacity to use Article 6 carbon markets, which is strategically aligned with the Nationally Determined Contributions (NDCs) implementation target and long-term goal of the Paris Agreement.
