The Executive Director, Operations and Technical, Tantita Security Service Ltd, Warredi Enisuoh, has said that through innovative carbon credit initiatives, Niger Delta region could generate $320 million annually by harnessing its vegetation and untapped environmental potential.
He said this during his investiture as Honourary Doctorate recipient and Lifetime Achievement/Sustainable Development Awardee from Highstone Global University, Texas, USA, held in Asaba, Delta State.
He said that the carbon credit initiative represents a groundbreaking opportunity for communities within the maritime area, many of which remain rich in vegetation despite years of environmental degradation.
Enisuoh revolutionary vision built on sustainability and economic diversification is targeted at opportunities in the Niger Delta.
He said: “Our goal is to make these communities economically independent of oil and gas by engaging them in carbon credit generation and carbon capture programs.
“According to research conducted in the region, mapped areas with approximately 50,000 trees could generate $320 million annually, providing a sustainable alternative income stream for the people.”
However, he cautioned that the figure would require scientific validation and alignment with Nigeria’s Climate Change Act of 2021 to ensure long-term success.
