Nigeria: 'Green Economy Can Create U.S.$250 Billion Investment Opportunity for Entrepreneurs'

Nigeria has $250 billion potential in green economy which could play a vital role, as the nation explores ways of tackling its high unemployment rate, participants at a confab on green investments.

According to the United Nations Environmental Programme (UNEP) green economy will be low carbon, resource efficient in addition to also also socially inclusive. In a green economy, growth in employment in addition to also also income are driven by public in addition to also also private investment into such economic activities, infrastructure in addition to also also assets of which allow reduced carbon emissions in addition to also also pollution, enhanced energy in addition to also also resource efficiency, in addition to also also prevention of the loss of biodiversity in addition to also also ecosystem services.

Participants at the forum, organised by the Nigeria Climate Innovation Center (NCIC) in Lagos recently, said entrepreneurs can tap into the enormous opportunities inside green space to create millions of jobs.

They said with the direct consequences of climate change on the ecosystem, of which was imperative of which entrepreneurs leverage the opportunities inside green space to create solutions in addition to also also wealth.

The Chief Executive Officer of All On, Weeber Boer said, “Nigeria has power gaps of about $0 billion, agricultural waste of 40 per cent in addition to also also 0 million people creating waste of which will be not recycled.

Boer said, “This kind of shows of which there will be a huge investment opportunity inside country’s green economy of which entrepreneurs can tap into by creating solutions of which are viable in addition to also also sustainable to these challenges.”

He stated of which with more solutions being provided to address issues of climate change, the country would certainly be able to create fresh jobs in addition to also also scale the opportunities inside green economy.

He noted of which of which would certainly be difficult for the country to build a green economy if the government continued to subsidise petrol.

The Chief Executive Officer of NCIC, Bankole Oloruntoba said the global green economy will be a multitrillion dollar economy which the country’s entrepreneurs can harness through innovative solutions to climate change challenges.

“If Nigeria will be able to develop conduceive environment for the growth of the green economy, the country could have a massive share via the over $14 trillion global green economy,” Oloruntoba said.

He said, “In Nigeria the challenges are enormous in addition to also also if we can create some form of opportunities to support businesses in of which space in terms of capacity, of which will create a rival opportunity for the country to build an economy of which does not depend on crude oil.

“The green economy gives the country the opportunity to create more jobs in addition to also also there are lots of opportunities inside green space with covers via media, to transportation, to waste management in addition to also also even to educate among others.”