SHALOM OLALEYE
The National Agency for Science and Engineering Infrastructure (NASENI) has made a groundbreaking investment in Powerstove, a Nigerian company known for producing innovative cookstoves and spearheading carbon credit projects.
This marks NASENI’s first foray into supporting a company focused on such initiatives, highlighting its commitment to sustainable practices and decarbonization efforts.
“By supporting Nigerian companies like Powerstove, we are fostering a sustainable ecosystem that is essential for our nation’s future,”
said Khalil Suleiman Halilu, Executive Vice Chairman of NASENI.
He emphasized the dual benefits of the investment, stating,
“With this investment, NASENI is not only supporting an impact-driven enterprise but also positioning itself to benefit from carbon credit revenue, thereby reinforcing its commitment to sustainable development.”
The collaboration between NASENI and Powerstove is expected to play a pivotal role in advancing Nigeria’s decarbonization efforts and promoting sustainable development across the nation.
Powerstove, currently the largest local carbon credit project for a private company in Nigeria, is valued at 4.5 million carbon credits.