The Nigerian government has laid the foundation for CNG adoption through the National Gas Policy, which aims to create an enabling environment for gas utilization across various sectors, including transportation.
In conclusion, the concept of the blue economy and carbon trading represents a dynamic synergy that holds profound economic importance on both local and global scales. Carbon trading and the blue economy offer great opportunities for Nigeria to achieve its climate change mitigation and adaptation goals, as well as its socio-economic development objectives. When we combine the blue economy and carbon trading, a powerful economic ecosystem emerges.
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Nigeria's investment in renewable energy, legal fisheries, marine conservation, and eco-friendly tourism echoes its devotion to nurturing a vibrant, environmentally conscious blue economy. A pivotal aspect is empowering regulatory bodies, enforcement agencies, and local communities through capacity-building initiatives. Enhanced monitoring and regulation of maritime activities stand as the cornerstones of this approach.