Co2CarbonCredit, FUNAAB Launch Nigeria’s First Large-Scale Forest Carbon Credit Project
Abeokuta, Nigeria — Co2CarbonCredit Technology, in partnership with the Federal University of Agriculture, Abeokuta (FUNAAB), has officially launched Nigeria’s first large-scale voluntary carbon market project dedicated to generating forest carbon credits.
The groundbreaking initiative, which began operations on July 31, 2025, is targeting the conservation and digital verification of three million Indigenous Fruit Trees (IFTs). The project aims to generate 300,000 tonnes of forest carbon credits over time.
Stanley Adimabua, CEO and Team Lead at Co2CarbonCredit Technology, said:
“We’ve just generated Nigeria’s first batch of 1,000 tonnes premium forest carbon credits tradable assets so far, under our IFTs Forest Carbon Program. It might not sound like much now, but it’s the beginning of something that’s never been done at this scale in this country.”
These credits are being registered on Co2CarbonCredit’s proprietary digital tree numbering and carbon verification registry and are intended for trading on an upcoming carbon exchange platform.
Student Engagement and Job Creation
The project kicked off at FUNAAB’s 10,000-hectare campus, where more than 1,000 students have participated in tree inventory exercises. In addition, several forestry graduates have been recruited as trainee foresters under Co2CarbonCredit’s graduate trainee program.
FUNAAB provides technical expertise, indigenous tree species, and land resources to support the scale-up of this pioneering forest carbon project.
Building Traceable Carbon Assets
Adimabua explained:
“We want to eliminate the guesswork. Our platform creates traceable, verifiable forest carbon credits that exceed international benchmarks. This is how Nigeria gets to be taken seriously in the African carbon markets space, of which these carbon credits are a tradable asset that would empower and help companies meet their net-zero target sustainability.”
Each tonne of verified carbon credit is currently valued at around $20 under the Africa Carbon Markets Initiative (ACMI). Adimabua believes the pricing benchmark could unlock significant financial opportunities for Nigeria.
He added:
“That income will not be limited to corporate entities or regulators. We’re training young people and proving that forest carbon credits can be done here, by Nigerians, with Nigerian expertise.”
Recognition and Expansion Plans
The project has already received an endorsement from the World Intellectual Property Organisation (WIPO), Nigeria Office, under its IP for Green Innovation program.
While the pilot phase is based in Ogun State, Co2CarbonCredit plans to expand to other universities, agroforestry plantations, and rural communities across West Africa before 2030.
Adimabua concluded:
“We’re building the model here and proving it works. But this is a regional opportunity. Every country in West Africa has underutilised forest assets. With the right systems, they can all participate in the carbon economy.”
