The Ondo State Oil Producing Areas Development Commission (OSOPADEC) is calling on the international community and investors to provide $50 million aimed at safeguarding the Ayetoro community in Ilaje Local Government Area of Nigeria from rising sea levels and ocean surges.
During the 31st United Nations Climate Change Conference (COP31) taking place in Antalya, Türkiye, OSOPADEC’s Chairman, Prince Olabiyi Poroye, emphasized the urgent need for international partnerships and financial backing to address the environmental challenges facing oil-producing communities in Ondo State.
Poroye stated that this funding would facilitate the construction of embankments essential for protecting Ayetoro, a community with a rich historical legacy that has been increasingly threatened by climate change. He expressed confidence that such an investment could ensure the community’s survival.
Ayetoro is noted for its past achievements in self-sufficiency and innovation, having generated its own energy as early as 1953. However, the current threat of sea incursion poses a critical risk to the community’s future.
Poroye described the establishment of the necessary protective measures as straightforward, requiring primarily determination, appropriate resources, and effective oversight of funding. He highlighted that the purpose of attending COP31 was not only to showcase OSOPADEC’s accomplishments but also to attract additional support for projects that exceed the financial capabilities of local and national authorities.
Furthermore, he outlined the rich investment opportunities available in Ondo, including natural resource exploitation, carbon credit initiatives, and tourism. He underscored that the region is abundant in ecological resources, fisheries, and agricultural potential.
Under the current administration, OSOPADEC has made strides in infrastructure and environmental protection. Poroye noted partnerships with traditional leaders to enhance environmental sustainability and improve security through cooperation with both public and private entities.
He concluded by urging global support for efforts to protect at-risk coastal communities and harness the environmental and economic prospects available in Ondo State.
