The House of Representatives in Nigeria has expressed strong support for the proposed establishment of a Green and Climate Finance Bank aimed at promoting renewable energy investments and climate-aligned financing. During a media briefing in Abuja, Afam Ogene, the Chairman of the House Committee on Renewable Energy, highlighted the significance of this initiative, noting it as a crucial step towards enhancing energy security through the expansion of renewable energy resources in the country. Ogene emphasized that the proposed bank is not just a financial institution but a mechanism to mobilize private capital through innovative risk-sharing tools, aimed particularly at developing renewable energy projects. This aligns with Nigeria’s broader energy transition goals and reflects the Federal Government’s commitment to increasing renewable energy sources as part of a sustainable development framework. The establishment of this bank is seen as timely, especially in the context of global climate change initiatives, positioning Nigeria to attract investments in clean energy technologies. The strategy employed by the bank will facilitate long-term financing, enabling the country to meet its energy transition objectives while contributing to environmental sustainability.