NASENI Invests in Clean Cookstoves to Tackle Carbon Emissions

May 24, 2024

By Adedapo Adesanya

The National Agency for Science and Engineering Infrastructure (NASENI) 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 in a statement said the agency had an investment in Powerstove, a Nigerian company that specialises in the production of cookstoves, with experience in carbon credit projects.

Mr 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, Mr 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.

Recall that earlier this month, the agency said it was working assiduously to bring in more products to create a national brand via its launchpad that every Nigerian would love to see in its bid to improve the livelihood of Nigerians and foster national development.

The areas of focus of the strategic launchpad were agriculture and food manufacturing, defence and aerospace, sustainable transportation and mobility. Others included renewable energy and sustainability, health and biotechnology, information technology and software, construction and smart city.

In February, the agency launched three sets of its branded products which were solar-powered irrigation systems, electric motorcycles and tricycles, and off-grid solar home systems.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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