The federal government, through the National Agricultural Land Development Authority (NALDA), has come up with a strategic push to generate high-integrity carbon credits from its expanding network of farm estates, an initiative designed to accelerate rural wealth creation and lift thousands of Nigerians into the middle-income economy.
Speaking yesterday at the COP30 Side Event hosted by NALDA in Belém, the Executive Secretary/Chief Executive Officer, Cornelius Adebayo, said the agency’s carbon-credit initiative is not only a climate solution but also a socio-economic reform that empowers farmers.
According to him, under NALDA’s Renewed Hope Mega Farm Estates, each farmer is allocated five hectares of farmland, enabling them to earn sustainable agricultural income while also benefiting from a share of carbon credit revenues generated through structured tree-planting and estate-wide reforestation.
“Our goal is simple: we want to move Nigerians from a low-income bracket to a true middle-class economy. By combining agricultural productivity with carbon-credit earnings, farmers can become independent, prosperous, and globally competitive,” Adebayo said.
