Financing Net Zero Carbon Buildings in Nigeria - October 2023

Context In Nigeria 4 2.1 Role of Net Zero Carbon Buildings in Nigeria’s Development 4 2.1.1 Overview of relevant policy in Nigeria 5 2.1.2 Overview of relevant stakeholders in Nigeria 6 2.2 Overview of the Barriers and opportunities in Nigeria 7 2.2.1 Abuja, Lagos, and Ogun: Subnational Governments Overview 7 2.2.2 Prioritization of Barriers in Nigeria 11 2.3 Net Zero Carbon Buildings Priorities f. [...] Context In Nigeria 4 2.1 Role of Net Zero Carbon Buildings in Nigeria’s Development 4 2.1.1 Overview of relevant policy in Nigeria 5 2.1.2 Overview of relevant stakeholders in Nigeria 6 2.2 Overview of the Barriers and opportunities in Nigeria 7 2.2.1 Abuja, Lagos, and Ogun: Subnational Governments Overview 7 2.2.2 Prioritization of Barriers in Nigeria 11 2.3 Net Zero Carbon Buildings Priorities f. [...] The objectives of CCFLA’s deep dive in Nigeria are to: • Understand the severity of barriers to financing net zero carbon buildings in Nigeria • Assess the current use of financial and policy instruments in Nigeria • Identify how current national, state, and local level policy and regulatory frameworks can be improved to drive private and public investment for net zero carbon buildings in Nigerian. [...] Prioritization of Barriers (1 is Low; 10 is High) Barrier Severity Context in Nigeria Financial barriers Lack of awareness of The lack of awareness and demand for net zero carbon funding options 9 buildings in Nigeria means that stakeholders are also not aware of the possible financing options. [...] 13 FINANCING NET ZERO CARBON BUILDINGS IN NIGERIA Barrier Severity Context in Nigeria Market readiness barriers Limited experience with There is a lack of knowledge of and interest in net zero technical solutions 7 carbon building technologies among public and private sector and the general public.