International Finance Corporation Publishes Nigerian CO2 Atlas

The International Finance Corporation, with support from the World Bank and Nigerian regulators, has recently released the Nigerian CO₂ Storage Atlas, a landmark study identifying over 10,700 gigatonnes of potential CO₂ storage capacity, largely concentrated in the Niger Delta.

This positions Nigeria at the forefront of Carbon Capture and Storage (CCS) in Africa, with opportunities to repurpose existing oil and gas infrastructure and establish scalable CCS hubs in key industrial zones such as Lagos, Port Harcourt, and Warri.

However, a comprehensive legal and regulatory framework remains absent. Clear legislation, permitting regimes, and investment incentives are urgently needed to translate this technical potential into real-world decarbonisation outcomes.

In this article, TEMPLARS Partner, Dayo Okusami and Associate, Nabila Gaduya examine the findings of the Atlas and assess the regulatory and policy considerations shaping Nigeria’s CCS trajectory.

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