Legal and Institutional Framework for Achieving Sustainable Development in Nigeria through the Clean Development Mechanisms

Abstract

The Clean Development Mechanism (CDM) of the Kyoto Protocol was received
in Nigeria as an innovative mechanism through which she could achieve
sustainable development goals. Since 1994 when Nigeria ratifi ed the Protocol,
she has not achieved much sustainability from it. This has been attributed to
Nigeria's unpreparedness to host CDM projects and its perception by investors
as one of the most unattractive CDM investment spots. The article argues
that for Nigeria to be considered by prospective CDM investors as attractive,
appropriate legal and institutional legal framework, which removes the
identifi able barriers to CDM implementation in Nigeria, should be put in place.