Speaker Abbas Tajudeen Pledges House Support for Mandatory National Decarbonisation to Avert Projected $460 Billion Economic Climate Loss

Speaker Abbas Tajudeen warns climate inaction could cost Nigeria $460 billion. Discover the new House plan for a low-carbon economy and a national carbon registry.

By: AXL Media

Published: Mar 5, 2026, 10:02 AM EST

Source: The information in this article was sourced from Peoples Gazette

Legislative Support Solidified for National Energy Transition Goals

The Speaker of the House of Representatives, Abbas Tajudeen, has formally declared the 10th Assembly’s dedication to facilitating Nigeria’s shift toward a low-carbon economic model. Represented by Muktar Shagaya at a high-level roundtable in Abuja, the Speaker articulated that climate change is no longer a distant threat but a lived reality across the federation. This legislative push is designed to provide the necessary framework for the executive arm to implement aggressive carbon reduction strategies while ensuring that the nation remains competitive in an increasingly green global marketplace.

Severe Economic Consequences Cited for Environmental Inaction

Citing data from the United Nations, the Speaker highlighted the staggering financial risks associated with maintaining the status quo. Projections indicate that failure to address climate volatility could cost the Nigerian economy up to 30% of its Gross Domestic Product by the year 2050, an amount roughly equivalent to $460 billion. Tajudeen stressed that the costs of inaction extend beyond abstract figures, manifesting as tangible damage to critical infrastructure and catastrophic losses in the agricultural sector, which remains the backbone of the nation's non-oil economy.

Geographic Diversity of Climate Impact Across the Federation

The legislative leadership provided a stark overview of how environmental degradation currently affects different regions of Nigeria, from northern droughts to southern coastal erosion. The Speaker noted that abnormal rainfall patterns and rising temperatures are already disrupting traditional livelihoods and internal stability. By framing climate change as a national security and economic issue, the House aims to galvanize public and private sector participation in the "Mandatory National Decarbonisation" programme, moving Nigeria from the sidelines of global climate action to a position of continental leadership.