Business Leader advocates for Strategic Carbon Credit Financing

 
Strategic carbon credit financing is key towards revolutionalising climate tech in Nigeria as the Co-founder of Power now, Michael Olaitan disclosed this after speaking in a panel session at the Moonshot Conference by Techcabal in October, 2024.

Michael stated the need for a new strategic approach towards financing carbon credit in shaping climate tech. According to him, ‘we have kick-started our efforts towards climate tech with our start up, Power Now. This start up is an initiative to enable African businesses have access to solar power with instalment payment plans.

According to him, there is need for more cross-functional collaboration between the private sector and public sectors in helping the nation achieve reduced emission targets and also providing clean power for small businesses. ‘Small businesses are the drivers of the economy and it is necessary for boost the operations of the SME’s through’, he added.

Michael Olaitan is the co-founder of Powernow, a start up geared towards providing clean energy for small businesses in Nigeria. He was a business and partnerships manager at Moniepoint Inc (Formely Team Apt) for five years.