Carbon Economy can create a multi-billion-dollar engine for job creation in Nigeria – Ibiyode

The Founder and CEO of Carbon AI, Debola Ibiyode, has unpacked the immense economic, environmental, and employment opportunities that lie at the intersection of climate technology and Artificial Intelligence (AI).

Ibiyode, who unpacked this when she appeared on TVC’s flagship morning show, Wake Up Nigeria, demystified the global carbon market, redefining it not just as an environmental rescue mission, but as a multi-billion-dollar economic engine capable of driving massive job creation across Nigeria and the globe.

Addressing widespread misconceptions about climate initiatives, Ibiyode pointed out that pushback against green energy often stems from economic anxieties rather than environmental disagreement, stressing that the transition to a low-carbon economy is a powerful catalyst for growth, rather than a threat to prosperity.

“If you’ve been used to making money from fuel, carbon initiatives are going to disrupt that space. But this is a multi-billion-dollar industry. It isn’t just about saying don’t use oil; there is an incredible economic advantage to it,” she noted.

Ibiyode highlighted how localised climate projects create jobs at both grassroots and national levels, specifically pointing to agriculture as a prime frontier for green industrialisation in Nigeria. She also argued that agricultural waste and products, such as livestock byproducts, corn, rice, and wheat, can be transformed into renewable energy alternatives like ethanol.

“Investing in these refining pathways builds local industries and drives massive employment in rural and agrarian communities. Ultimately, this shift provides Nigeria with a viable, sustainable alternative source of foreign exchange and export volume outside of crude oil,” she added.

Speaking further during the show, Ibiyode lauded local milestones, referencing the Lagos State Carbon Credit Registry and ongoing state-level engagements with energy ministries as proof that sub-national governments are beginning to take the carbon economy seriously.

Read also: Nigeria ranks 6th globally for AI adoption, but its enterprises are falling behind

For the everyday citizen or corporate executive who finds the green ecosystem complex, Ibiyode positioned Carbon AI as the definitive bridge, which operates as a comprehensive sustainability intelligence platform and functions as a single source of truth for global carbon project data, credit pricing, and environmental insights.

She explained that Carbon AI leverages AI to process vast amounts of data with extreme speed, giving companies with net-zero targets the precise insights needed to fulfil their climate commitments effectively.
As an advocate for technology adoption, Ibiyode shared exclusive insights from a recent macroeconomic study conducted by her team. The research revealed that proper AI integration could drive 10% to 15% productivity gains at the governance and institutional levels in Nigeria.

However, she warned against the rising trend of AI washing, where companies overhype basic tools or falsely assume AI is meant to replace human workers.

“Companies are adopting AI wrongly when they think it can replace people. It’s like when Excel came out, and people thought it would replace accountants. It didn’t; accountants just became faster and better. AI is a level playing field for every nation, but we must move from being mere consumers of foreign AI tools to becoming creators of our own,” she said.

To bridge the infrastructure and educational gaps holding back local innovation, Ibiyode called on large enterprise corporations to partner with the government to fund structured AI adoption and digital literacy initiatives.

By teaching the youth to build and innovate, whether in climate tech, healthcare, or agriculture, Nigeria can successfully build solutions tailored to its unique local realities.