One of the key challenges in artificial photosynthesis is to design a photocatalyst that can bind and activate the CO₂ molecule with the smallest possible activation energy and produce selective hydrocarbon products. In this contribution, a combined experimental and computational study on Ni‐nanocluster loaded black TiO₂ (Ni/TiO_2[Vo]) with built‐in dual active sites for selective photocatalytic CO₂ conversion is reported. The findings reveal that the synergistic effects of deliberately induced Ni nanoclusters and oxygen vacancies provide (1) energetically stable CO₂ binding sites with the lowest activation energy (0.08 eV), (2) highly reactive sites, (3) a fast electron transfer pathway, and (4) enhanced light harvesting by lowering the bandgap. The Ni/TiO_2[Vo] photocatalyst has demonstrated highly selective and enhanced photocatalytic activity of more than 18 times higher solar fuel production than the commercial TiO₂ (P‐25). An insight into the mechanisms of interfacial charge transfer and product formation is explored.