By Obiabin Onukwugha
The bold initiative by the Cross River State government in carbon sequestration, has been hailed by the Chief Executive Officer of Stratus Consult Limited and Private Sector Representative NDC Partnership, Prince Xavier Eyamba.
Eyamba spoke at a sideline event at the ongoing COP28 in Dubai.
He described the recently signed Memorandum of Understanding (MOU) by the Cross River State government with Oando Energy, as a significant step towards advancing environmental sustainability in the Niger Delta region.
Eyamba, who described the MOU as a “right step in the right direction,” underscored its potential positive impact on the entire sub-region.
He commended the Cross River State Governor, Bassey Otu, for the close to one billion dollar MOU, envisioning substantial contributions to the state and Nigeria’s overall economic landscape.
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He said: “Renowned as Nigeria’s greenest state, Cross River is making noteworthy strides in carbon sequencing.
“These significant MOUs, including a 100 MW energy project and electric vehicle infrastructure, align with the nation’s 2060 Net Zero target.
“This visionary approach underscores Cross River’s commitment to fostering a green economy.”
Eyamba said the move signifies the state’s substantial investment in renewable energy and sustainable transportation, contributing to Nigeria’s broader climate goals.
Eyamba also commended Oando Energy’s dedication to spearheading sustainable power initiatives, aligning with global efforts to transition towards cleaner and greener energy sources.
Oando Energy, under the agreement, will conduct a comprehensive technical evaluation to explore the feasibility of wind energy in Cross River State.
“As Cross River State emerges as a pioneer in green initiatives, the billion-dollar climate pact is poised to reshape the economic landscape and advance sustainable development,” he stated.
