NASENI invests in Cookstoves to Reduce Carbon Emissions
The National Agency for Science and Engineering Infrastructure (NASENI) says it has invested in the production of clean and efficient cookstoves to combat global warming and reduce carbon emissions in Nigeria.
Its Director of Information, Mr Olusegun Ayeoyenikan, who said this in a statement in Abuja on Thursday, said the agency had an investment in Powerstove.
Powerstove is a Nigerian company that specialises in production of cookstoves, with experience in carbon credit projects.
Ayeoyenikan noted that the investment would combat global warming and foster a sustainable ecosystem by Nigerian companies dedicated to decarbonisation.
“As part of this investment, NASENI will provide both capital for growth and technical assistance to Powerstove, enabling the company to scale its production from 100,000 units to over one million units per year.
The director quoted NASENI’s Executive Vice Chairman, Khalil Halilu, as saying that the substantial increase in production capacity would not only meet the growing demand for clean and efficient cookstoves but also significantly contribute to reducing carbon emissions in Nigeria.”
“Powerstove boasts as the largest local carbon credit project for a private company in Nigeria, currently valued at 4.5 million carbon credits.
“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.”
Halilu said that the investment underscored NASENI’s commitment to address climate change proactively, and to build a resilient and sustainable ecosystem of innovative Nigerian companies with the potential to drive decarbonisation efforts. #NASENI invests in Cookstoves to Reduce Carbon Emissions
