Africa > Oil-producing Nigerian state grants British firm right to generate millions of voluntary carbon credits

Oil-producing Nigerian state grants British firm right to generate millions of voluntary carbon credits

Published 18:30 on March 8, 2024  /  Last updated at 18:30 on March 8, 2024  / Roy Manuell /  Africa, EMEA, Nature-based, Voluntary

An oil-rich state in Nigeria has signed a memorandum of understanding (MoU) with a UK investor, granting it permission to restore thousands of mangroves to generate an estimated 5 million voluntary carbon credits per year.
An oil-rich state in Nigeria has signed a memorandum of understanding (MoU) with a UK investor, granting it permission to restore thousands of mangroves to generate an estimated 5 million voluntary carbon credits per year.


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