Emmanuel OchayiThe Niger Delta Development Commission (NDDC) has unveiled its plan to unlock $2 billion carbon investment through solar power to illuminate the Niger Delta Region.
Dr. Samuel Ogbuku, Managing Director of NDDC, revealed this strategy during a recent Stakeholder Engagement session.
Join our WhatsApp ChannelAccording to a statement by Pius Ughakpoteni, the Commission’s Public Affairs Director, Dr. Ogbuku emphasized the NDDC’s commitment to Sustainable Development Goals (SDGs) and addressing climate change issues in Nigeria.
Ogbuku outlined the vision, saying, “Our target is that every community in the Niger Delta region will be powered by solar, which is renewable and a cheap form of energy. In addition to this, we shall create industrial clusters powered by solar, which will help improve the agricultural value chain. Solar power has the dual benefit of helping people with projects and building carbon credits. We expect to recover the carbon credits we have garnered so far. Such recovered funds can be reinvested.”
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This initiative includes potential collaboration with a US-based firm and aligns with the National Council on Climate Change, underlining the NDDC’s dedication to climate-related concerns.
The NDDC’s efforts aim to not only support projects but also recover carbon credits, fostering environmental regeneration, particularly through mangrove restoration.
Dr. Sunny Akpoyibo, President of the Council on Renewable Energy, voiced his commitment to supporting NDDC in developing projects with carbon values, emphasizing the importance of unlocking trapped values for sustainable development.
Asteven International Company recognized the global significance of NDDC’s green projects and pledged to assist in monetizing carbon credits, unlocking a remarkable $2 billion carbon investment potential in the Niger Delta region.
Prof. Magnus Onuoha, Executive Director of Asteven Group, highlighted the Niger Delta’s central role in the international climate change discourse. He encouraged NDDC to engage climate finance and technology experts, stressing the significance of climate justice for sustainable development in the region.
NDDC’s investments in solar power and carbon credits align perfectly with key SDGs, particularly Goal 7 (Affordable and Clean Energy) and Goal 13 (Climate Action). This transformative initiative offers hope for a brighter and greener future in the Niger Delta.
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