Africa > Vitol and Nigerian sovereign fund ink deal to develop carbon projects

Vitol and Nigerian sovereign fund ink deal to develop carbon projects

Published 14:12 on April 5, 2023  /  Last updated at 14:12 on April 5, 2023  / Roy Manuell /  Africa, EMEA, Voluntary

Swiss commodity trading firm Vitol and Nigeria’s sovereign wealth fund (NSIA) have completed a joint venture to invest in a range of carbon avoidance and removals projects in the oil-producing African nation, with an initial $50 million pledged, according to a release on Wednesday.
Swiss commodity trading firm Vitol and Nigeria’s sovereign wealth fund (NSIA) have completed a joint venture to invest in a range of carbon avoidance and removals projects in the oil-producing African nation, with an initial $50 million pledged, according to a release on Wednesday.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.