FUNAAB, Carbon Credit Exchange Sign MoU for High-Quality Carbon Credits
FUNAAB has signed an MoU with Carbon Credit Exchange Company to develop a carbon credit initiative that will generate 300,000 high-quality tree carbon credits using African Indigenous economic trees on university land
Chris Oyeoku Okafor 
The Federal University of Agriculture, Abeokuta (FUNAAB) has entered into a strategic partnership with Carbon Credit Exchange Company to develop a pioneering carbon credit initiative. The collaboration, formalized through a Memorandum of Understanding (MoU), aims to generate 300,000 high-quality tree carbon credits from African Indigenous economic trees planted on FUNAAB land. This initiative underscores the university’s commitment to sustainable environmental practices and Nigeria’s participation in the global carbon market.
Carbon Credit Exchange Company, a leading climate-tech firm registered under Nigerian law, specializes in Africa’s carbon market trading, nature-based carbon dioxide removal, and carbon credit exchange services. Under the terms of the MoU, FUNAAB will provide the necessary green infrastructure in the form of indigenous trees, which will be utilized for carbon credit generation.
The agreement establishes a collaboration between CO2 Carbon Credit Technology and FUNAAB, combining resources and expertise to generate, verify, and register carbon credits on the CO2 Carbon Credit Exchange platform. The initiative is designed to meet international carbon standards while reinforcing Nigeria’s role in the evolving carbon economy.
Speaking on the significance of the partnership, the Team Lead of Carbon Credit Exchange Company, Mr. Stanley Ademabowa, highlighted the importance of carbon credits in offsetting environmental pollution. He explained that individuals and organizations can mitigate their carbon footprint by purchasing carbon credits, which serve as a reward mechanism for sustainable environmental actions. Ademabowa described the MoU with FUNAAB as a pioneering initiative, setting a precedent for future collaborations with other academic institutions.
Welcoming the delegation, FUNAAB’s Vice-Chancellor, Prof. Babatunde Kehinde, expressed optimism about the partnership, emphasizing its immense potential for mutual benefits and environmental sustainability.
The MoU signing ceremony was attended by key university officials, including the Deputy Vice-Chancellor (Development), Prof. Kola Adebayo; Registrar, Dr. Titus Adeniyi; University Librarian, Prof. Abayomi Owolabi; Director of FUNAAB Integrated Ventures (FIV), Mr. Olufisayo Amubode; and the Deputy Registrar I, Vice-Chancellor’s Office, Mr. Moses Ayanda. Others present were the Principal Assistant Registrar, Vice-Chancellor’s Office, Mrs. Olubusayo Oguntayo; University Legal Officer, Mrs. Olanrewaju Tanimowo; and Mr. Adekunle Adebiyi.
This landmark partnership is expected to enhance FUNAAB’s sustainability efforts while contributing significantly to the advancement of Africa’s carbon credit market.
