Nigeria To Float Sovereign Green Bonds

The Nigerian government has expressed its readiness to become the first country in Africa to float sovereign green bonds.

This came to the fore on Thursday at the interface between the Federal Government and its agencies, led by the Acting President, Professor Yemi Osinbajo, and the debt market community in Lagos state.

The move is aimed at addressing some of the country’s most challenging issues of energy and the environment.

Professor Osinbajo said the government would flag off the climate change bond investment vehicle, which he believes would open the way for other private sector issuers in Nigeria.

The Minister of Power, Housing and Works, Mr Babatunde Raji Fashola, also spoke about the global shift to clean energy.

He hinted on how Nigeria is ramping up on its efforts at achieving the right energy mix to which the new bond will apply.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s