Global warming, an offshoot of the climate change phenomenon, is being gradually transformed from a threat of environmental doom to a promise of financial boom, thanks to the emerging universal trade in carbon credit, which analysts say is now worth a staggering $170 billion.
Observers are, however, worried that Nigeria is not doing enough towards positioning itself to adequately benefit from the largesse. Some believe that the nation has been schemed out of the lucrative business, which is meant to help promote reduction in greenhouse gas (GHG) emission among the less-industrialised countries.
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