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Nigeria To Generate $320m From Innovative Carbon Credit Initiative 

He said this during his investiture as  Honourary Doctorate recipient and Lifetime Achievement/Sustainable Development Awardee from Highstone Global University, Texas, USA, held in Asaba, Delta State.

He said that the carbon credit initiative represents a groundbreaking opportunity for communities within the maritime area, many of which remain rich in vegetation despite years of environmental degradation.

Enisuoh revolutionary vision built on sustainability and economic diversification is targeted at opportunities in the Niger Delta.

He said: “Our goal is to make these communities economically independent of oil and gas by engaging them in carbon credit generation and carbon capture programs.

“According to research conducted in the region, mapped areas with approximately 50,000 trees could generate $320 million annually, providing a sustainable alternative income stream for the people. “However, he cautioned that the figure would require scientific validation and alignment with Nigeria’s Climate Change Act of 2021 to ensure long-term success.

He expressed his gratitude to High Chief Government Ekpemupolo, popularly known as Tompolo, and staff of Tantita Security Services, saying that the region was poised for a shift beyond traditional oil and gas focus.

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