In Nigeria, Lagos wants to increase its sustainable investments. In that regard, it has joined the Financial Centres for Sustainability network (FC4S).

The FC4S is a United Nations’ initiative aimed at accelerating sustainable finance.

“Huge flows of private capital are needed to deliver the green and sustainable finance needed to implement the Paris Agreement and sustainable development goals… Lagos’ inclusion in the FC4S network is a major boost to these efforts,” said Pierre Ducret, co-chair of FC4S.

Let’s note that the more than 860 equities with a combined market capitalisation of $360 billion are listed on the Lagos Stock Exchange. This exchange is the third in Africa to join this network after Casablanca and Nairobi.

According to Satya Tripathi, Secretary of the UN Environment Management Group, “Lagos joining the FC4S opens up new possibilities for Nigeria and countries in West Africa to leverage sustainable finance for social and climate impact.”

Gwladys Johnson Akinocho