A call to action from the Nigerian government on sustainable growth.

As climate change reshapes global priorities and nations pivot toward greener economies, Nigeria finds itself at a critical juncture. The promise of a sustainable future is within reach, but only if the government takes decisive action now. With its vast natural resources and entrepreneurial population, Nigeria has the tools to build a resilient economy that works for both its people and the planet. The question is: will the country seize this moment?

The concept of sustainable growth is simple—meeting today’s needs without jeopardizing the future. For Nigeria, this isn’t just an environmental issue; it’s an economic and social imperative. Our dependence on oil has left us vulnerable to price shocks, while climate change continues to threaten our farmlands, cities, and livelihoods. Transitioning to a green economy offers Nigeria a chance to diversify its economy, reduce unemployment, and improve the quality of life for millions. But how can this be achieved?

Nigeria has some of the highest solar energy potentials in the world, yet over 80 million citizens still live without electricity. Investing in renewable energy isn’t just good for the environment; it’s smart economics. Countries like South Africa and Kenya have already taken bold steps toward clean energy. Nigeria can follow suit by introducing tax incentives and grants for solar and wind projects. Imagine the economic impact if every rural community had access to affordable, sustainable energy. Jobs would flourish, small businesses would thrive, and children could study at night under reliable light.

Agriculture employs the majority of Nigerians, yet outdated methods are holding back productivity. By adopting climate-smart practices, such as better irrigation and crop rotation, we can ensure food security for our growing population. In Malawi, investments in drought-resistant seeds doubled farmers’ yields. Nigeria has the potential to lead similar efforts across West Africa and create an agricultural system that is both productive and sustainable.

Every year, Nigerians produce millions of tons of waste. Sadly, most of it ends up polluting our cities and waterways. Meanwhile, countries like Rwanda are leading Africa in recycling and waste management innovation. By creating incentives for recycling businesses and turning waste into renewable resources, Nigeria could transform its waste problem into an economic opportunity. With the right policies and partnerships, we could create an industry that generates jobs while reducing environmental harm.

Our cities are bursting at the seams. By 2050, Lagos alone could be home to over 30 million people. Without better urban planning, this growth could spell disaster. Public transportation, green spaces, and energy-efficient housing are no longer luxuries—they are necessities. Forward-thinking policies can ensure our cities remain livable and competitive, addressing the challenges of rapid urbanization while enhancing the quality of life for urban dwellers.

All these initiatives require funding, and Nigeria cannot rely solely on public funds. Green bonds, partnerships with international development banks, and private sector investment must become central to our strategy. Nigeria’s recent issuance of sovereign green bonds was a step in the right direction. Expanding these programs could unlock billions of naira for sustainable projects, bridging the gap between ambition and execution.

Nigeria’s path to sustainable growth isn’t just about policies and programs; it’s about political will and vision. Other nations are already racing toward a greener future, and if we don’t act quickly, we risk being left behind. The government must step up, but so must we—the citizens. Let’s demand better. Let’s embrace change. Let’s work together to create a Nigeria that thrives today and for generations to come. The time is now. Our future depends on it.

About The Author

Temitope Akerele is a distinguished sustainable finance expert whose career bridges the worlds of financial analytics and environmental stewardship. Currently serving as a Group FP&A Analyst at Turner & Townsend Ltd., she brings a wealth of expertise in financial planning and analysis, coupled with a deep understanding of the intersection between finance and sustainability. With a Master’s degree in Accounting from Obafemi Awolowo University and a Master’s in International Business and Finance from the University of Derby, UK, Temitope combines academic rigor with professional excellence. Her membership in renowned organizations like the International Society of Sustainability Professionals (ISSP) and the Sustainable Energy Practitioners Association of Nigeria (SEPAN) further underscores her commitment to advancing sustainable financial practices.

Temitope has made significant contributions to research in sustainable finance, tackling pressing issues such as climate change and its financial implications. Her publication Impact of Green Finance on Sustainable Development in Nigeria explores the pivotal role green financing plays in fostering economic growth while protecting environmental resources. Additionally, her ongoing research, Analysis and the Effect of Climate Change on Financial Profitability: A Case Study of Top 5 Listed Firms by Market Capitalization in South Africa, highlights the complex relationship between corporate profitability and climate risks. With a unique blend of practical experience and scholarly insight, Temitope Akerele is shaping the discourse on sustainable finance and its transformative potential for businesses and economies worldwide.