Firm Unveils Platform To Unlock Climate Financing In Nigeria

Tosin Kolade
Oct, Thu, 2025

Environment

Firm unveils platform to unlock climate financing in Nigeria

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By Fortune Abang

Vectar Energy, a climate technology company, has unveiled its maiden flagship digital “ecoWise” platform to convert solar data into real capital by unlocking climate finance through carbon credits.

Deborah Fadeyi, Chief Executive Officer of Vectar Energy, disclosed this in her keynote address during inauguration of the ecoWise Multi-Stakeholder Forum in Abuja.

The event with the theme: “Trust. Scale. Impact: Unlocking Climate Finance through Carbon Credits for Solar in Nigeria” focused on the call for a new era of climate action built on trade, not aid.

Fadeyi, who is also the Founder of the company, said that Nigeria’s energy crisis, where more 86 million citizens lacked access to electricity, required market-based mechanisms that rewarded renewable energy deployment.

“For too long, the conversation around climate resilience has revolved around aid; it is time we trade value.

“If we deploy low-carbon solar systems that reduce emissions, then those verifiable reductions should be monetised as carbon credits, which is how we finance more renewable energy projects and achieve sustainable industrialisation.”

According to her, ecoWise is Africa’s first patented digital Measurement, Reporting and Verification (MRV) platform that automates the process of transforming real-time solar generation data into certified carbon assets.

“By digitising verification and linking directly to international carbon registries, ecoWise reduces costs by up to 80 per cent.

“It shortens issuance cycles from a year to as little as three months, creating faster, transparent access to global climate capital,” she said.

Fadeyi said that carbon credits derived from clean energy could be sold to corporate buyers, such as Amazon or Microsoft as net-zero commitments, allowing local developers to reinvest proceeds into new projects.

In her special address, Caroline Eboumbou, Chief Executive Officer of All On, praised the unveiling of ecoWise as a landmark step in Nigeria’s journey toward a self-sustaining carbon market.

“This is not just a conversation, it is a call to action; platforms like ecoWise are showing us that with real-time data, transparency, and integrity, we can unlock climate finance at scale.’’

Eboumbou highlighted that the Carbon Market Activation Plan, unveiled by President Bola Tinubu in March, 2024, aimed to mobilise up to 2.5 billion dollars in high-integrity carbon investments by 2030.

She described ecoWise as “the kind of catalytic innovation Nigeria needed, saying it would enable developers to access new financing streams, lower project costs and accelerate solar deployment across communities.

“ecoWise’s pilot projects platform are already proving what is possible with support from All On, the British Council and other partners.

“This platform could unlock 13 percent of the financing needed to achieve Nigeria’s solar ambitions, around 3 GW of capacity by 2028, benefiting more than 100,000 households.

“As Nigeria advances its climate-market framework and “Mission 300” initiative, the ecoWise platform stands as a bridge between climate integrity and capital flow; especially, in transforming renewable data into measurable, tradable, and investable assets,” she said.

She added that carbon markets, when built on trust and transparency, could turn Africa’s vast solar potential into a 50 billion dollars opportunity, positioning Nigeria as the continent’s carbon finance hub.

Fadeyi said that net zero was “the economic and industrial opportunity of the 21st century, essential to driving growth and creating good jobs.

On her part, Ms Damilola Asaleye, Vice President of the Renewable Energy Association of Nigeria, commended ecoWise to be “home-grown solution for global climate finance”.

She urged private developers to leverage the platform to monetise their clean-energy data and drive the energy transition from the grassroots.

The Ambassador of Israel to Nigeria, Michael Freeman, represented by Thelma Agada, B-Technology Project Manager, lauded Vectar Energy’s innovation as a model of Nigeria-Israel cooperation through the Innov8 Hub initiative.

“Nigeria has everything it takes to lead Africa’s clean-energy transformation, sunlight, talent and determination; the challenge is connecting innovation to investment. ecoWise does exactly that,” Freeman said.

The forum culminated in the unveiling of ecoWise Technical White Paper, a 50-page research report that sets out data-driven roadmap for scaling distributed solar in Nigeria through digital MRV and carbon markets.

The report demonstrates how verifiable carbon revenues can improve project Debt Service Coverage ratios (DSCRs) and reduce the weighted average cost of capital (WACC), making solar assets more bankable. (NAN)

Edited by Chijioke Okoronkwo

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