A Leap Towards Nigeria’s Carbon Registry
Mainstream Energy Solutions Limited (MESL) has secured carbon credits from Netzence Sustainability Limited (Netzence).
The Founder/CEO of Netzence, Dr Sadiq Sani made this known yesterday stating that “This development represents an important milestone in Nigeria’s journey to establishing a robust carbon registry, essential for addressing climate change and fostering economic growth.
According to him, “The carbon credits, which can be monetised in real-time, enhance the realisation of the United Nations Sustainable Development Goals (SDGs).
“Carbon credits are a key component of policies to reduce global Greenhouse Gas (GHG) emissions. Each credit represents a reduction of one metric ton of carbon dioxide (CO2) emissions. By receiving these credits, MESL not only enhances its sustainability credentials but also plays a vital role in promoting a low-carbon economy in Nigeria.
“This strategic initiative aligns with national goals and global sustainability targets, benefiting the environment and the local economy.
“Nigeria’s efforts to develop a comprehensive carbon registry are critical to effectively monitoring and managing emissions across various sectors. This registry is intended to facilitate the implementation of carbon trading schemes and climate finance initiatives, which can attract significant investments in sustainable technologies.
“The collaboration between MESL and Netzence exemplifies how innovation and technology can come together to mitigate carbon emissions while promoting economic prosperity.
“As Nigeria advances its carbon registry, the importation and adoption of sustainable technologies will play a crucial role in reducing carbon footprints across industries.
“The partnership with Netzence provides MESL access to innovative practices that can enhance operational efficiency and sustainability.
“For Nigeria, this means opportunities in varying sectors from renewable energy production to waste management solutions, which are essential in cutting emissions and fostering a greener economy.
“Integrating sustainable practices and technology is poised to revitalize Nigeria’s economy. Investments in carbon credit systems and sustainable technologies not only create jobs but also stimulate local industries. As companies like MESL pave the way, they create a ripple effect that encourages other businesses to adopt eco-friendly practices, thereby enhancing Nigeria’s competitiveness on the global stage”.
“Looking ahead, the successful issuance of carbon credits to MESL marks the beginning of a larger movement toward environmental sustainability in Nigeria.
“As the country embraces a green economy and robust carbon management strategies, stakeholders—government, businesses, people, and civil societies—must continue collaborating and innovating.
“The government’s commitment to creating a conducive environment for sustainability initiatives will be crucial in attracting foreign and local investments for this transition.
“I want to thank the Chairman of the Board of Directors of MESL, Col. Sani Bello (RTD), for his support and trust in the partnership between MESL and Netzence.
“The receipt of carbon credits by MESL from Netzence is not merely a win for the company but a positive stride for Nigeria’s commitment to climate resilience and sustainable development. As the nation develops its carbon registry and embraces sustainable technologies, the potential for economic growth alongside environmental stewardship becomes increasingly tangible.
“The journey ahead calls for collective action and investment in sustainability—a challenge and opportunity that Nigeria is ready to embrace”.
