Tantita Security Suggests Adoption of Carbon Credits As Solution To Niger Delta Gross Pollution, Earn N320m Yearly

Tantita Security Suggests Adoption of Carbon Credits As Solution To Niger Delta Gross Pollution, Earn N320m Yearly

Capt Waredi Enisuoh (1st from right) Capt Sunday Umoren, Prof Fakinlede representing the minister (4th) Dr Felicia Mogo, Managing Director of NIWA Mr Oyebamiji among other participants at the AFMESI Symposium.

By: Bisi Akingbade 

The Tantita Security Services, has suggested the  adoption of carbon credit schemes to provide solutions to the gross pollution in the Niger Delta egion, which will see Nigerian coastal communities earning over N320million yearly.

The Executive Director, Operations, Tantita Security, Capt. Warredi Enisuoh, made this suggestion while speaking  as  the Guest Lecturer at the African Marine Environment Sustainability Initiative, AFMESI 4th Annual Symposium and Workshop, in Lagos.

According to his presentation titled: "Achieving Blue Growth In A Changing Climate - Integrating the Coastal Communities" Enisuoh noted that one mature tree could absorb 80kg of CO₂ from the atmosphere in a year and noted that several developed countries had adopted the carbon credit initiative to preserve their environment.

He illustrated that "If we allocate 50,000 trees per coastal community. One carbon credit is equivalent to one ton of carbon dioxide which is valued at $50. CO₂ absorption per year = 80kg x 50,000 Trees = 4,000,000kg. Earning 4,000,000kg x $50/1,000 - $200,000/уear. $200,000 x 1,600 - N320,000,000 annually,"

He noted that despite the recent signing of the Climate Change Act by Nigeria, the federal government is still investing in the acquisition of diesel-powered trains. 

Capt Enisuoh said that Nigerian Ports Authority, NPA, could exchange carbon offset for funds that could be channeled into port automation, 

He, however, admonished maritime operators to approach the innovative concept with a sincere concern about the environment and not pecuniary interest.

The Minister of Marine and Blue Economy,  Adegboyega Oyetola, while declaring the workshop open, encouraged the participants to share viable suggestions to addressing the numerous challenges in the blue economy.

Oyetola, who was represented by Prof. Stephen Fakinlede, reiterated the Ministry's commitment to safety and sustainable blue economy.

Speaking earlier, the President of AFMESI, Dr Felicia Mogo, said that

"We aim to attract investment in sustainable ocean industries, from eco-friendly aquaculture to renewable marine energy, and to ensure that these investments benefit the communities most in need. 

``We will work with financial institutions, government agencies, private organizations, among others to achieve this goal.

"Over the years, AFMESI has championed numerous projects and initiatives in Nigeria, and across Africa, aimed at protecting our marine ecosystems, empowering coastal communities, and advancing policy frameworks that support sustainable marine practices,"