‘How Nigeria can generate N1trn from carbon credits’

As Nigerians turn to solar energy and other cleaner forms of alternative energy to power their homes and business, the Founder and CEO of AUKTIE, Patrick Ogunnowo, has stated that Nigeria can unlock over N1trn in new annual revenue from climate action and carbon markets. Speaking during a press briefing in Abuja, Prof. Ogunnowo said […]

As Nigerians turn to solar energy and other cleaner forms of alternative energy to power their homes and business, the Founder and CEO of AUKTIE, Patrick Ogunnowo, has stated that Nigeria can unlock over N1trn in new annual revenue from climate action and carbon markets.

Speaking during a press briefing in Abuja, Prof. Ogunnowo said Nigeria stands at a defining moment in its energy transition through monetisable renewable energy ecosystem by aligning technology deployment with carbon finance intelligence, global standards, and real economic outcomes.

“People are embracing solar and renewables. How can we bring in an MVP? What is our value proposition? Our value proposition is that we can monetise carbon credits. For example, the Rural Electrification Agency (REA) has been powering the homes of millions of Nigerians through donor funding, mostly from the World Bank. This has led to reduction of carbon monoxide by these communities, thus the country can claim these carbon credits through detailed data.”

 

 

 

He added that its purpose in engaging renewable energy stakeholders – government ministries, state agencies, financiers, clean energy developers, and corporate energy – users is simple but transformative; to unlock Nigeria’s untapped climate wealth by helping organisations convert clean-energy projects into verifiable, bankable, and globally tradable carbon assets.

 

“Through AUKTIE and the CarbonScope360M / CarbonBrand ecosystem, our work is anchored on four interconnected pillars:  Bridging Renewable Energy Deployment with Carbon Monetisation and Nigeria must move beyond installing solar, mini-grids, W2E systems, EV charging infrastructure, and energy-efficiency upgrades and begin structuring the carbon value behind every project,” he said.