Firm unveils platform to unlock climate financing in Nigeria

Vectar Energy, a climate technology company, has unveiled its maiden flagship digital “ecoWise” platform to convert solar data into real capital by unlocking climate finance through carbon credits. Deborah Fadeyi, Chief Executive Officer of Vectar Energy, disclosed this in her keynote address during the inauguration of the ecoWise Multi-Stakeholder Forum in Abuja. Fadeyi, who is […]

Vectar Energy, a climate technology company, has unveiled its maiden flagship digital “ecoWise” platform to convert solar data into real capital by unlocking climate finance through carbon credits.

Deborah Fadeyi, Chief Executive Officer of Vectar Energy, disclosed this in her keynote address during the inauguration of the ecoWise Multi-Stakeholder Forum in Abuja.

Fadeyi, who is also the founder of the company, said that Nigeria’s energy crisis, where more than 86 million citizens lacked access to electricity, required market-based mechanisms that rewarded renewable energy deployment.

“For too long, the conversation around climate resilience has revolved around aid; it is time we traded value.

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“If we deploy low-carbon solar systems that reduce emissions, then those verifiable reductions should be monetised as carbon credits, which is how we finance more renewable energy projects and achieve sustainable industrialisation,” she said.

According to her, ecoWise is Africa’s first patented digital Measurement, Reporting and Verification (MRV) platform that automates the process of transforming real-time solar generation data into certified carbon assets. (NAN)

 

In her special address, Caroline Eboumbou, Chief Executive Officer of All On, praised the unveiling of ecoWise as a landmark step in Nigeria’s journey toward a self-sustaining carbon market.

“This is not just a conversation, it is a call to action; platforms like ecoWise are showing us that with real-time data, transparency, and integrity, we can unlock climate finance at scale.’’

She described ecoWise as “the kind of catalytic innovation Nigeria needed, saying it would enable developers to access new financing streams, lower project costs, and accelerate solar deployment across communities.

“This platform could unlock 13 per cent of the financing needed to achieve Nigeria’s solar ambitions, around 3 GW of capacity by 2028, benefiting more than 100,000 households,” she said. (NAN)