The State of Carbon Market in Northeast Nigeria

Executive Summary

This report explores climate mitigation and adaptation options with the potential for carbon credits opportunities among households in Adamawa, and Gombe, Northeast Nigeria (NEN). The overarching objective is to support income generation while building resilience to climate change. The report is built on consultations with relevant stakeholders to understand the current state of the carbon market and viable opportunities that could be scaled or leveraged within the scope of the USAID Feed the Future Rural Resilience Activity. State-level interviews were held with Ministries, Departments, and Agencies (MDAs), Agro-allied firms, financial institutions, Community-Based Organizations (CBOs), and Farmers’ Groups to understand the state of the carbon market in NEN by exploring the institutional capacity, policies, market actors, livelihoods options, business models, opportunities and gaps. The study revealed that there is a lack of knowledge of the carbon market among stakeholders in the states.