Shettima Claims Subsidy Removal Will Lead to Decreased Carbon Dioxide Emissions

On Tuesday, Vice President Kashim Shettima highlighted that Nigeria could potentially reduce carbon dioxide emissions by more than 15 million tonnes annually through the removal of fuel subsidies.

He shared this insight during a workshop hosted by the National Council on Climate Change. The event, titled “Unpacking the outcomes of the 58 sessions of the subsidiary bodies of the United Nations framework convention on climate change,” was organized by the same council.

Shettima’s Deputy Chief of Staff, Senator Ibrahim Hassan, represented him at the workshop and emphasized that Nigeria was making progress toward meeting its nationally-determined contribution targets.

He said: “At the onset of this administration, President Bola Tinubu took the bold step to put an end to the petrol subsidy. Preliminary analysis conducted by the National Council on Climate Change on the co-benefits of fuel subsidy removal indicates that there has been about a 30 per cent reduction in daily fuel consumption, amounting to about 20 million litres, equivalent to an estimated daily saving of 42,800 tonnes of carbon dioxide emissions.

“When projected over one year, it amounts to over 15 million tonnes of CO2 saved, representing about 40 per cent greenhouse gas reduction from the baseline projection of 45 million metric tonnes of total GHG carbon dioxide equivalent by 2030. This places Nigeria on course to achieve our NDC targets ahead of time.”

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