Connect with us

News

NGO Asks FG to Use Carbon Credits to Fund Renewable Energy

Published

on

NGO Asks FG to Use Carbon Credits to Fund Renewable Energy

By: Michael Mike

A Non-Governmental Organisation (NGO), Vectar Energy has said carbon credits could be the solution to the funding of the nation’s renewable energy plan,

Nigeria is in urgent need of about $40 billion to meet its energy gap, this Vector Energy advised the federal government to tap into carbon credits to fund renewable energy as a solution to the perennial power problem in the country.

Nigeria officially launched its Carbon Market Activation Plan (CMAP) in February 2024 and a supporting policy, the Nigeria Carbon Market Activation Policy (NCMAP), in September 2024, which outlines the strategy to unlock an estimated $2.5 billion market by 2030.

The plan is supported by an inter-governmental committee inaugurated by Vice President Kashim Shettima and aims to accelerate green growth, standardize its carbon market ecosystem, and facilitate international trading under the Paris Agreement

The Founder of Vectar Energy, Deborah Fadeyi, told journalists in Abuja at the maiden EcoWise multi-stakeholder forum under the theme: “Trust, Scale, Impact: Unlocking climate finance through carbon credits for Solar in Nigeria”, that there is an essential need for sustainable solutions through converting solar data into real capital via accelerating climate finance and clean energy in Nigeria .

She said: “access to electricity had become a burden, particularly with not less than 8.6 million Nigerians unable to access electricity, amidst power supply.

Fadeyi noted that: “When we go to COP events, we pretty much ask for aid to be able to build climate resilience, which is one key thing for us as a country.

“Having to build climate resilience through access to electricity, not just for day-to-day, but for sustainable industrialisation, then we realise that aids don’t work.

“The conversation of aids doesn’t work. So how about we trade something? This is where carbon credits come in. If we strive to deploy low-carbon renewable projects, is there a way for us to get concessions from that?

“To be able to finance more renewable energy projects, more solar projects, there is a mechanism for that, it is called the Clean Development Mechanisms.”

She explained further, “such mechanisms could bolster Nigeria’s ability to convert solar data or any sort of low-carbon or renewable green energy data into carbon credits.

“Also that carbon credit is sold to corporate buyers such as Amazon, Microsoft, to be able to showcase their net zero confidence as the world progresses to net zero by 2050.”

Speaking at the occasion, the Ambassador of Israel to Nigeria, Michael Freeman, represented by Thelma Agada, the B-Technology Project Manager, commended Vectar Energy to be the result of the partnership between Nigeria and Israel through the establishment of the Innovate Hub.

The envoy said Nigeria has everything it takes to lead Africa’s clean energy transformation through vast sunlight, abundant natural resources and most importantly, a young, talented, determined population.

“The challenge and the opportunity lies in connecting innovation to implementation and ideas to investment. This forum is exactly the kind of platform that makes such connections possible.

“This brings together government, private sector, academia and development partners, the four pillars that most work hand-in-hand if we can and will achieve the lasting impact.”

Freeman said: “Let me also assure you that Israel stands ready to partner with you on this journey, whether it is through technology transfer, capacity building or joint ventures in renewable energy infrastructure.”

On her part, the Vice President, Renewable Energy Association of Nigeria, Damilola Asaleye, commended the launch of the EcoWise platform by Vectar Energy, to be innovative platform that is needed currently in Nigeria and Africa at large.

She described EcoWise as a platform that is locally built by a Nigerian to bolster sustainable solutions in the renewable energy sector and to enable Africans to have access to climate finance.

She said: “We can have access to environmental finance and then, we can turn all the data from our solar installations right now in Nigeria, we can turn this into revenue through the climate credits.

“I am glad that a private sector, organisation is actually taking the bull by the horn to implement this climate finance platform right now, whereby we can convert climate, environmental data into revenue.

“We do not have to wait for the government for everything to be done. We private sector owners too need to step up to the game and ensure that we have data credibility,” Asaleye said.

Highpoint of the event was EcoWise technical paper launch, virtual presentations on: Nigeria’s solar ambition, empowering people for climate resilient energy access and financing the solar transition.

NGO Asks FG to Use Carbon Credits to Fund Renewable Energy

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Senate to Enact Stronger Laws to Tackle Rising Drug Abuse

Published

on

Senate to Enact Stronger Laws to Tackle Rising Drug Abuse

By: Michael Mike

The Senate Committee on Drugs and Narcotics has thrown its weight behind the National Drug Law Enforcement Agency (NDLEA), pledging stronger legislative backing and tougher laws to support the country’s escalating battle against substance abuse and illicit drug trafficking.

The commitment came on Monday during a courtesy visit by the newly appointed Chairman of the Senate Committee on Drugs and Narcotics, Senator Joseph Ikpea, to the Chairman/Chief Executive Officer of NDLEA, Brigadier General Mohamed Buba Marwa (rtd), at the agency’s national headquarters in Abuja.

In a move that signals renewed collaboration between the National Assembly and the anti-narcotics agency, Ikpea assured Marwa that the Senate would provide the legal and policy support needed to strengthen drug control efforts, expand rehabilitation programmes and intensify preventive campaigns among Nigerian youths.

The senator, who represents Edo Central Senatorial District, said his visit was aimed at fostering a closer partnership with NDLEA and learning from Marwa’s experience in public service.

“I am here to learn and partner with you so that our children who have gone into drug abuse can be rehabilitated, while others are prevented from falling into the drug trap through massive awareness creation and sensitisation programmes,” Ikpea said.

He praised Marwa’s record as former Military Governor of old Borno State, former Military Administrator of Lagos State and his leadership of NDLEA, describing him as a committed and result-oriented public servant.

According to him, the Senate is ready to support the agency through legislative interventions and reforms capable of addressing the growing drug menace in the country.

“We are happy to work with you and support you in all of these because we know you are already doing a great job but not getting as much as you need to do the work. We will partner with you through legislative support and necessary laws to subdue the drug problem in our country,” he stated.

Responding, Marwa described drug abuse and trafficking as a major threat driving several social and security challenges in Nigeria and across the world.

He, however, said NDLEA had recorded significant successes in recent years, including dismantling major transnational drug cartels, arresting high-profile drug barons and weakening criminal networks through the seizure and forfeiture of assets linked to illicit drug operations.

Marwa attributed the agency’s achievements to the support of President Bola Tinubu, the National Assembly and the judiciary.

“The drug problem is a major challenge that is at the root of some other social issues, not only in Nigeria but globally. However, we are doing our level best to curb the scourge and we are getting impressive results,” he said.

The NDLEA boss assured the committee chairman of the agency’s readiness to deepen collaboration with the Senate in advancing both drug supply reduction and drug demand reduction strategies nationwide.

He expressed confidence that Ikpea’s leadership of the Senate committee would further strengthen the national response to drug abuse and trafficking.

The meeting comes amid growing concerns over rising substance abuse among young Nigerians and increasing efforts by authorities to dismantle organised drug trafficking networks operating within and outside the country.

Senate to Enact Stronger Laws to Tackle Rising Drug Abuse

Continue Reading

News

How dialogue, military intervention prevented fresh bloodshed in Benue communities

Published

on

How dialogue, military intervention prevented fresh bloodshed in Benue communities

By: Zagazola Makama

For years, communities across Guma Local Government Area of Benue lived under the constant fear of attacks, reprisals and counter-reprisals that often turned minor disputes into deadly cycles of violence.

But according to the Commanding Officer of the Chief of Army Staff (COAS) Special Intervention Battalion 11, Lt.-Col. Donatus Otobo, a combination of military presence, community engagement and conflict mediation is gradually changing the narrative.

Speaking during a tour of his area of responsibility by defence correspondents on Tuesday, Otobo recounted several incidents that underscored the fragility of peace in the area and the delicate task facing troops deployed to maintain stability.

The commander described a disturbing incident involving an 11-year-old herder whose ordeal nearly triggered another round of communal violence.

According to him, the young boy was tending cattle around November when he was attacked by some locals who severed one of his hands.

“The boy was only 11 years old. We had to intervene quickly, rescue him and evacuate him to a military hospital for treatment.

“He spent about a month receiving medical care before he was reunited with his family,” Otoogu said.

However, what followed reinforced the battalion’s concerns about the dangerous cycle of revenge that has fuelled many conflicts in the area.

The commander said that barely two days after the boy returned home, another attack occurred in which two victims suffered similar injuries.

“From what we observed, it appeared to be a reprisal attack.

“That is the reality we face here. One incident triggers another, and before long, communities become trapped in a cycle of revenge,” he said.

Otobo noted that while public attention often focuses on attacks by armed groups, there are also numerous cases where unarmed herders become targets of violence.

According to him, troops have repeatedly intervened to prevent such incidents from escalating into wider communal conflicts.

“There are situations where herders who are not carrying weapons are attacked alongside their livestock.

“Sometimes their cattle are rustled, killed or butchered. We have responded to cases where dozens of cattle were either stolen or slaughtered.

“In one particular case, herders reported losing about 130 cattle. When we arrived, we could only physically account for about 60.

“The scene was disturbing. There were carcasses, blood stains, horns and evidence of widespread destruction,” he said.

The commander explained that such incidents often create fertile ground for retaliatory violence.

He said one cattle-rustling incident in particular had all the ingredients of a major crisis similar to previous large-scale attacks experienced in parts of Benue.

“That situation was a ticking time bomb.

“It could easily have degenerated into another major communal crisis if we had not intervened promptly,” he said.

Otobo said troops immediately engaged traditional rulers, community leaders, herder representatives and other stakeholders to calm tensions and prevent reprisals.

According to him, the sustained dialogue paid off, as the incident did not trigger further violence despite widespread anger among those affected.

“We brought together community leaders, elders and Fulani representatives.

“We listened to grievances from all sides and encouraged restraint.

“That incident happened more than seven months ago, and thankfully it did not escalate into a broader conflict,” he said.

The commander also offered insights into the factors that may have contributed to the deadly Yelwata attack that shocked the state.

He said findings from military investigations suggested that tensions had been building months before the incident.

“From our own investigation, the chain of events started around April when some criminals attacked herders, killed some of them and rustled about 100 cattle.

“The affected individuals apparently went away, regrouped and later returned.

“By June, the situation had escalated into the Yelwata attack,” he said.

Otobo stressed that the lesson from such incidents is that unresolved grievances, if ignored, can eventually snowball into major security crises.

He noted that Yelwata, which now falls under the battalion’s area of responsibility, has remained peaceful due to proactive security measures and constant engagement with residents.

According to him, community leaders specifically requested the deployment of troops from the COAS Special Intervention Battalion to maintain security in the area.

“Today, Yelwata is peaceful, and that is one of the achievements we are proud of.

“The people themselves requested that our troops remain there because of the confidence they have in our operations,” he said.

Otobo further disclosed that the security situation had improved significantly, particularly regarding the presence of armed herders.

He said reports of herders openly carrying assault rifles, which were once common, had virtually disappeared within the battalion’s area of responsibility.

“As I speak to you, since December last year, there has not been a single reported sighting of armed herders within our area of responsibility.

“Previously, farmers would regularly report seeing herders carrying AK-47 rifles.

“Today, those reports have stopped completely,” he said.

The commander attributed the improvement to sustained military operations and continuous engagement with both farming and herding communities.

He said troops regularly hold meetings with residents to educate them on the consequences of cattle rustling, reprisals and other actions capable of reigniting tensions.

“We constantly engage the communities and explain the dangers of taking the law into their own hands.

“We encourage them to report grievances through established channels rather than resorting to violence.

“I believe that has contributed significantly to the peace we are witnessing today,” he said.

The return of Guma and surrounding communities, the return of calm has translated into something they had almost forgotten, the ability to farm, trade and move freely without fear.

Yet Otobo believes the greatest achievement is not the absence of attacks, but the gradual rebuilding of trust among communities long divided by conflict.

“The military can provide security, but lasting peace comes when communities learn to coexist and resolve disputes peacefully.

“That is the direction we are working towards, and we will continue to support every effort that promotes peace and stability in this area,” he said.

How dialogue, military intervention prevented fresh bloodshed in Benue communities

Continue Reading

News

Alleged Cybercrime: Court Revokes Sowore’s Bail, Issues Bench Warrant Over Failure To Appear In Court

Published

on

Alleged Cybercrime: Court Revokes Sowore’s Bail, Issues Bench Warrant Over Failure To Appear In Court

The Federal High Court in Abuja, on Tuesday, issued a bench warrant for the arrest of online publisher and African Action Congress (AAC) presidential candidate, Omoyele Sowore, following his failure to appear in court as a defendant in the ongoing alleged criminal defamation suit brought against him by the Department of State Services (DSS).

Justice Mohammed Garba Umar ordered that Sowore be remanded at the Kuje Correctional Centre and brought before him on the next adjourned date being June 22, 2026 for ruling on the application he filed for recusal.

The judge had last December granted the politician bail based on self-recognition. He had at the time declined a request by counsel to the DSS, Akinlolu Kehinde, SAN, to issue an arrest warrant after Sowore and his lawyer failed to appear in court for trial.

However, at the resumption of trial on Tuesday, neither Sowore nor his lawyer was present in court. This prompted counsel to the prosecution to apply to the court for a revocation of the bail and the issuance of a bench warrant. The prosecution described Sowore’s absence as “delay tactics”.

The DSS had filed a five-count charge against Sowore over social media posts in which he referred to President Bola Tinubu as a “criminal”. Efforts by the secret police to make him pull down the post were rebuffed by the politician, who insisted that it was within his fundamental human right to freedom of speech to post as he liked. This prompted the DSS to file charges of criminal defamation against him.
Last month, the trial judge rejected Sowore’s “no-case submission,” ruling that the prosecution had established a prima facie case against him. In response, Sowore and his legal team accused the judge of bias and requested that he recuse himself.

Alleged Cybercrime: Court Revokes Sowore’s Bail, Issues Bench Warrant Over Failure To Appear In Court

Continue Reading

Trending

Verified by MonsterInsights