In effort geared towards meeting up with the United Nations’ target of 45 percent reduction in greenhouse emissions by 2030 and 0% in 2050, Nigerian Breweries Plc is investing N500 million on reforestation scheme in Ogun.
The investment will aid the reclamation of the degraded Olokemeji forest reserve in Odeda local government area of the state.
In this respect, the Nigerian Breweries is partnering Ogun State to plant 600,000 trees on 500 hectares of land within the Olokemi forest reserve for a 10-year duration with a view to mitigating the negative effects of deforestation, climate change and greenhouse emissions.
Speaking at the signing of a memorandum of understanding (MoU) with Ogun State government in Abeokuta, on Monday, Sade Morgan, director of corporate affairs, NB Plc, said the reforestation plan was aimed at preserving the environment, protecting the watershed and replenishing soil water, thereby mitigating the effects of global warming.
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Morgan, who said that the project was an affirmation of Nigerian Breweries’ sustainability of Brewing a Better World (BaBW), disclosed that N500 million was being committed to it, and would be executed in conjunction with the International Institute for Tropical Agriculture (IITA) for a period of 10 years.
“We plan to replace trees that have been harvested from 500 hectares of land at the Olokemeji forest reserve in Abeokuta using species of trees that are indigenous to the
Speaking at the event, Tunji Akinosi, the state commissioner for forestry, decried the continued encroachment on forest reserves by people who engage in unauthorised felling of trees, illegal farming and other activities, saying these were detrimental to forestry growth, management and development of the state.
