Making Climate Finance Work Harder: Real Impact, Real Revenue, Real Stories

Date: September 2025

1. Executive Summary

The Development Bank of Nigeria (DBN) has already built a strong foundation for green finance in Nigeria. With GCF accreditation, robust risk frameworks, and established PFI networks, DBN is the bridge connecting large pools of climate finance to Nigerian banks and microfinance institutions.

Doowe is a clean energy and carbon solutions company. We develop projects in LPG, CNG, biogas, and agroforestry, and we provide digital tools to help financial institutions and small and medium businesses measure, report, reduce and monetise their climate impact. Our role is not to duplicate what DBN already has in place, but to complement DBN’s efforts with practical, ready-to-use services that PFIs and SMEs can benefit from directly.

We believe there are many ways our work can align with DBN’s mission, and we are open to exploring where our contribution might add the most value.

• Who We Are — Doowe in Brief

• Clean Energy Projects — building and operating LPG, CNG, solar, and waste-to-energy facilities.
• Carbon Accounting & MRV Platform — a digital tool that tracks emissions, converts them into simple reports (“X tonnes of CO₂ saved”), and prepares verification-ready outputs for certifiers like Verra, Gold Standard, or UK ETS. This helps SMEs, PFIs, and corporates integrate climate impact into financial reporting and annual statements.
• Carbon Brokerage — converting verified climate impact into internationally tradable carbon credits.
• Doowe API — a plug-and-play carbon data service for banks, fintech, and corporates. With one API, institutions can offer customers real-time carbon footprint insights on transactions (retail banking use case) or portfolio-level ESG dashboards (business banking use case). This creates new green financial products and deepens customer engagement.

• Agroforestry & Nature Projects — supporting bamboo, forestry, and land-use projects that deliver both climate and community benefits.

• How Doowe Can Complement DBN’s Work

• Helping PFIs Turn Impact into Extra Income

Scenario: A microfinance bank lends ₦200m to a cooperative distributing LPG cylinders to 20,000 households. Normally, the cooperative repays from LPG sales. With Doowe’s support, the project generates ~20,000–60,000 carbon credits annually (worth $160k–$720k). This strengthens the cooperative’s income and improves repayment confidence for the lender.

• Making Climate Reporting Simple with Doowe Carbon Accounting What Doowe Carbon Accounting Does (Layman’s View):
• Monitoring — automatically collects project data (e.g., gas sold, buses converted, waste processed, trees planted).
• Reporting — converts those numbers into clear insights: “X tonnes of CO₂ saved, Y homes reached.”
• Verification — formats the data to meet international standards (Verra, Gold Standard, UK ETS), so climate impact can be certified and monetised as carbon credits.

Scenario: A commercial bank funds a fleet operator to switch 100 buses from diesel to CNG. Instead of waiting months for manual reports, the Doowe Carbon Accounting app shows instantly: “100 buses converted → 7,000 tonnes of CO₂ avoided this year.”

• The fleet operator uses this to demonstrate impact.
• The bank shares results with DBN.
• DBN gains real-time ESG visibility across its portfolio.

• Carbon Reporting in Annual Statements

Scenario: A listed manufacturing company uses Doowe Carbon Accounting to track fuel use, energy efficiency, and waste-to-energy projects across its operations. At year-end, instead of commissioning expensive consultants, the CFO simply exports an automated carbon report from the Doowe platform.

• The report shows: “32,000 tonnes of CO₂ avoided in 2025 through efficiency upgrades and renewable energy adoption.”
• This data is inserted directly into the company’s annual financial and ESG statements.

• Auditors and investors can verify the data because it is formatted according to international standards (Verra, Gold Standard, or ISSB/SASB guidelines).
  • Doowe API Scenario — Retail Banking

Scenario: A Nigerian retail bank integrates Doowe API into its mobile app.

When a customer buys ₦10,000 worth of petrol with their debit card, the API calculates and displays:

“This purchase emitted ~22kg of CO₂.”The app then offers:

“Offset this with ₦300 for a clean cooking project in Lagos.” “Switch to LPG with a Doowe partner and save 60% CO₂ annually.”

Customers see their monthly carbon footprint alongside their spending breakdown.

• Why Companies Benefit from Doing This Now

• Investor Confidence → Global investors and banks increasingly require transparent ESG disclosures. Companies that report carbon savings build stronger reputations, attract cheaper capital, and stand out in competitive markets.
• Regulatory Readiness → Nigeria, the UK, and the EU are moving toward mandatory carbon disclosure. By adopting Doowe Carbon Accounting early, companies stay ahead of regulation and avoid last-minute compliance costs.

• Diversifying into Overlooked Sectors

Scenario: A city waste contractor builds a biogas plant in Kano with PFI financing. Methane emissions are captured and turned into energy, generating ~100,000+ carbon credits annually (≈$800k+). The project now has two revenue streams (electricity + credits), reducing repayment risk for the financier.

Scenario: A farmer cooperative plants bamboo on 500 hectares. Bamboo generates sales and absorbs CO₂, creating 2,000–4,000 credits annually. This becomes an additional source of income that makes the cooperative more resilient.

• Reducing Risk Through Carbon Cushion

Scenario: A PFI supports biogas digesters for small farms. In addition to fuel savings, the digesters reduce methane → ~50,000 carbon credits annually. Some of these credits can be pre-sold to act as a repayment “cushion,” lowering the chance of loan defaults.

• Why This Mamers for DBN

• For PFIs — they gain new lending products with built-in carbon revenue opportunities.
• For SMEs — they access both financing and extra income from climate action.
• For DBN — stronger repayments, diversified project pipelines, and clearer ESG impact stories for donors and partners.

• Our Approach to Partnership

Doowe sees DBN as the bridge that connects climate finance to Nigeria’s banks. We aim to be one of the bricks that make the bridge stronger — by equipping PFIs and SMEs with tools and services that make climate finance practical and profitable.

We remain open to DBN’s guidance on how best to align our contribution with its mission, whether through pilot projects, PFI engagement, technical assistance, or other pathways DBN finds most useful.

• Contact: contact@doowe.uk | Website: www.doowe.uk , www.doowe.ng Dr James Atiti | Genevieve Olajubu