WITTY GLOBAL BLOGS | SATURDAY FLAGSHIP EDITION Your Money Disappeared, Your Bank Failed to Respond: How Nigerians Can Challenge Failed Transfers, Unauthorised Deductions and Unfair Charges By Itoro Uwah | Saturday, November 14, 2026 CONSUMER RIGHTS | DIGITAL BANKING | PRACTICAL GUIDE NIGERIA — Imagine transferring money to a supplier, receiving a debit alert and discovering that the recipient has not received the payment. The supplier is waiting. Your account balance has reduced. Customer service asks you to wait, but the money has not been returned. For a small business, this situation can interrupt deliveries, delay payments and damage relationships with customers. But an important distinction must be made: a failed or delayed transaction does not automatically prove that a bank has stolen money or acted fraudulently. The real questions are what happened to the transaction, which institution is responsible for investigating it, what evidence is available ...
FG Unveils $100m Carbon Project to Drive Nigeria’s Green Growth Agenda
The Federal Government has launched the $100 million Orteva Carbon Project, targeting climate finance, verifiable carbon credits and a faster transition to a sustainable, low-carbon economy.
Wale Edun, Minister of Finance and Coordinating Minister of the Economy, announced the initiative in Abuja after receiving a delegation from Orteva, in partnership with the Delta State Government and Eighth Versa. According to a statement by Mohammed Manga, Director of Information and Public Relations at the Ministry of Finance, the project is designed to unlock climate finance, generate high-integrity carbon credits, and accelerate Nigeria’s transition to a sustainable economy.
Key Objectives
- Unlock climate finance at scale for nature-positive and low-carbon projects.
- Generate verifiable carbon credits through credible Measurement, Reporting and Verification (MRV) processes.
- Support Nigeria’s green growth agenda and economic diversification.
- Strengthen institutional capacity and transparency for carbon market governance.
Strategic Partnerships
- Federal Government of Nigeria — policy direction and coordination.
- Orteva — project development and climate finance mobilisation.
- Delta State Government — sub-national implementation and land-use coordination.
- Eighth Versa — technical support and market structuring.
Expected Impact
- New revenue streams from high-quality carbon credits aligned with international standards.
- Job creation in reforestation, ecosystem restoration, monitoring, and clean-tech services.
- Improved climate resilience for communities through nature-based solutions.
- Positive signal to investors on Nigeria’s commitment to a transparent, credible carbon market.
Why it matters: By combining climate finance with robust governance, the Orteva Carbon Project aims to position Nigeria as a leading African hub for high-integrity carbon credits while delivering local development benefits.
What’s Next
- Frameworks for MRV, registries, and credit issuance to ensure integrity and market acceptance.
- Pipeline development of nature-based and technology-based projects across eligible regions.
- Stakeholder engagement with communities, civil society, and private investors for inclusive outcomes.
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