NASENI Invests in Powerstove to Enhance Production and Carbon Credit Projects

NASENI Invests in Powerstove to Enhance Production and Carbon Credit Projects

The National Agency for Science and Engineering Infrastructure (NASENI) has announced its first-ever investment in Powerstove, a pioneering Nigerian company specializing in the production of cookstoves and carbon credit projects.

A statement by Mr. Olusegun Ayeoyenikan, Director of Information, reveals that this strategic investment marks a significant milestone in NASENI’s ongoing efforts to combat global warming and foster a sustainable ecosystem by supporting Nigerian companies dedicated to decarbonization.

Read Also: NASENI’s New Leader Pledges to Harness STI for Advancing Tinubu’s Key Socio-Economic Areas

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. Executive Vice Chairman/CEO of NASENI, Mr. Khalil Suleiman Halilu, emphasized that this substantial increase in production capacity will not only meet the growing demand for clean and efficient cookstoves but also significantly contribute to reducing carbon emissions in Nigeria.

Powerstove is recognized 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.

This investment underscores NASENI’s strong commitment to addressing climate change proactively and building a resilient and sustainable ecosystem of innovative Nigerian companies with the potential to drive decarbonization efforts. NASENI’s management looks forward to witnessing the positive impact of this partnership on Nigeria’s environmental and economic landscape.

Read Also: NASENI Secures $2 Billion Investments from Chinese Companies

Below is how we can help you promote your event, organization and products/services . This is the best you can get from this global platform of over decades experience.

First Leg: Full page Promotional package showcasing your Invitation Card, Banner/Flex, 3 different Photographs and brief of the coming event. Also your picture/Name will be the headline News in digivation blog(Pre-Event)

Second Leg: Full Page Promotional package of the event showcasing 5 different photographs plus short audio/visual clip of the event. Also org. picture/Name will be the headline news our blog(Post-Event).

Rate: N150,000 Only For Both Pre and Post Events. (Rate is only Applicable during the Promotional Period)

For further inquiries, contact the undersigned:

Hilary Damissah (Editor)

Mojisola Alabi ( business Development)


Chief Imo Ukwa(Advert Consultant) 08063779938

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Kenya Revives Controversial Bill to Regulate ICT Industry

Fri May 24 , 2024
Kenya has revived the controversial ICT Practitioners Bill, now rebranded as the ICT Authority Bill, 2024. This new legislation aims to regulate the country’s ICT industry by licensing and registering ICT companies and professionals. Initially introduced in 2016 by then-majority leader Aden Duale, the ICT Practitioners Bill faced widespread criticism. […]

You May Like

Latest Stories