Nigeria authorizes export of 5.2 million clean cooking carbon credits
Credits will be sold internationally under the CORSIA aviation scheme
Move supports the country’s push to build a domestic carbon market
Nigeria has approved the export of carbon credits from clean cooking projects for the first time, marking a new step in its efforts to position itself in global carbon markets.
On March 11, authorities issued a letter of authorization to the company BURN through the National Council on Climate Change (NCCC), allowing it to transfer carbon credits to the international aviation offset mechanism known as CORSIA.
The approval covers 5.2 million credits generated through the large-scale distribution of improved cookstoves. It allows the Kenyan firm and its partners, including Key Carbon, to sell these emissions reductions internationally under Article 6.2 of the Paris Agreement.
Under this framework, countries can cooperate to meet their nationally determined contributions by transferring emission reductions through internationally transferred mitigation outcomes (ITMOs). The mechanism enables cross-border carbon credit transactions between governments and private entities, helping to build a decentralized carbon market while generating funding for climate-related activities.
Building a domestic carbon market
The authorization comes as Nigeria moves to develop its own carbon market ecosystem, partly driven by external pressures such as the European Union’s Carbon Border Adjustment Mechanism (CBAM), which is pushing industries to reduce emissions.
In 2025, the government launched the Nigerian Carbon Market Activation Policy (NCMAP), setting out a roadmap to mobilize $2.5 billion by 2030 through the creation and trading of carbon credits.
The head of the NCCC, Dr. Nkiruka Maduekwe (or relevant official if needed), said climate finance should serve local populations and that Nigeria’s carbon market framework is designed to support both emissions reduction and sustainable development.
In February 2026, the country issued its first industrial-scale carbon credits through the Releaf Earth project, generating 190 verified carbon credits.
Part of a broader African trend
Nigeria’s move reflects a broader shift across Africa. In Malawi, carbon credits from similar projects were approved for CORSIA in November 2025, while Ghana—working with Switzerland—has already completed transfers under Article 6, according to Ecofin Agency.
However, such mechanisms remain contested. In Kenya, authorities recently declined to approve the export of credits from a project led by Koko Networks, signaling a desire to retain control over both volumes and revenues linked to carbon trading.
Abdoullah Diop
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From WHO-led efforts to strengthen pandemic preparedness to measles vaccination drives in Uganda, al...
Jetour to produce T1, T2 SUVs in South Africa from 2027 Chery to acquire Rosslyn plant, cre...
BCEAO 2025 net profit falls 14% to 588 billion CFA francs Dollar depreciation drives foreign exchange losses, reversing prior gains Gold...
Tanzania cashew output rises 17% to record 617,683 tons Production growth continues, though below 700,000-ton target Government plans...
Nigeria’s Tinubu begins tour to France, Kenya, and Rwanda Will attend Africa-France Summit and Africa CEO Forum on investment Visit aims to...
Rwanda, Tanzania agree to deepen cooperation across key sectors Leaders pledge to remove trade barriers, boost regional integration Talks...
In the far north of Cameroon, near the Nigerian border, lies Rhumsiki, a destination that feels almost untouched by time. Set within the Mandara...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...