Nigeria’s emerging carbon economy could evolve into a multi-billion-dollar source of jobs, investment and export earnings, offering the country a new growth engine beyond crude oil, according to Debola Ibiyode, founder and chief executive officer of Carbon AI.
Speaking on TVC’s Wake Up Nigeria programme, Ibiyode said climate technology and carbon markets are creating economic opportunities that many Nigerians still view primarily through an environmental lens. She argued that the transition to a low-carbon economy should be seen as an industrial and employment strategy rather than simply a climate agenda.
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The comments come as governments and businesses worldwide increase investments in carbon reduction projects, renewable energy and sustainability-linked initiatives, creating a fast-growing global market for carbon credits and climate-related technologies.
“If you have been used to making money from fuel, carbon initiatives are going to disrupt that space.
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