The federal government has launched a $100 million Orteva carbon project, a step towards achieving its green growth agenda.
Wale Edun, minister of finance and coordinating minister of the economy, announced on Tuesday when he received a delegation from Orteva, in partnership with the Delta state government and Eighth Versa, in Abuja.
Edun said the federal government is committed to building a transparent carbon market framework with strong governance and pricing mechanisms
“For the private sector, this represents an opportunity to invest in projects that protect the environment while delivering long-term economic returns,” he added.
Manga reaffirmed the ministry’s readiness to provide the policy, fiscal, and credit-enhancement structures needed to attract both domestic and international financing.
The spokesperson said the Orteva carbon project signals Nigeria’s new economic frontier, where sustainability and profitability converge to power inclusive growth.
