The Cross River State Government has signed a Memorandum of Understanding (MoU) with Afri Decarbonization Corporation Inc (ADC) U.S. to implement nature-based solutions for global climate challenges, as well as environmental, social, and governance (ESG) projects in the state.
The MoU was signed during a recent visit by a delegation from ADC Inc to Governor Bassey Otu at his temporary office in Calabar.
Governor Otu assured that the state government is ready to partner with credible investors to address global sustainable development challenges. He expressed particular interest in the project’s aspect that focuses on creating a value chain in bamboo and food crops buffers between regenerative agriculture, land, and existing forest.
The MoU aims to address jurisdictional opportunities in bamboo and food crops regenerative agriculture. Additionally, it seeks to contribute to offsetting global emissions with nature-based decarbonization strategies by improving, preserving, and optimizing sustainable ecosystems and biodiversity. The initiative also aims to engage indigenous communities in magnifying the carbon sink in the state.
To fulfill this commitment, Governor Otu has approved the composition of an 11-person Decarbonization Steering Committee. Dr. Victor Udoh of ADC will head the committee, with Prof. Anthony Owan-Enoh (Secretary to the State Government), Mrs. Diana Doheny (COO of ADC), Mr. Chris Mboho, Mr. Steve Akpan, Mr. Sunny Anyang, Commissioner for Agriculture, Chairman of the State Forestry Commission, Permanent Secretary of the Ministry of Environment, and Mrs. Eme Affiah, Permanent Secretary of the Ministry of Tourism, Arts, and Culture as members.