Nigeria: FG to issue Green Bonds to fund N52bn climate-friendly projects
Friday, 10 February 2017 16:43
The Federal Government of Nigeria has identified climate-friendly projects valued at N52 billion ($165 million), according to the Permanent Secretary of the Ministry of Environment, Bukar Hassan.
Hassan who declared this during a meeting of Permanent Secretaries on Green Bonds in Abuja said the project would be financed through Green bonds.
He noted that the government plans to issue the first sovereign green bond by March, this year.
According to the Adviser on Climate finance, Ministry of Environment, Obi Ugochukwu, the first climate project would begin by March and create about 214, 000 jobs. The pilot project would cover afforestation programme that would result in more tree planting in selected states.
Ugochukwu stated that the green bond would also finance alternative sources of energy in 37 universities and 7 teaching hospitals while 20,000 solar units would be distributed nationwide.
Partners on this projects are, UNEP, World Bank, Department of International Development (DFID) and financial institutions like Nigeria Stock Exchange, Stanbic IBTC and Citi bank.
Anita Fatunji
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Liberia Seeks Partnership with Nigeria’s Jigawa State to Raise Rice Yields
15:35
-
Zimbabwe Tackles Rising AI-Driven Cybercrime With New Security Strategy
15:16
-
Ethiopia and Burundi Deepen Ties With New Cooperation Agreements
15:11
-
Botswana pitches investment opportunities to French firms amid diversification push
14:53
-
Togo, Benin move to formalize cross-border horticultural trade
14:32
-
Togo cuts deficit, edges toward fiscal stability – World Bank
14:21
-
UNICEF, Maarif Foundation Sign Deal to Expand STEM Access for Ivorian Girls
14:15
-
Togo Plans €84 Mln Global Fund Bid to Fight HIV, TB and Malaria for 2027-2029
13:36
-
Togo issues tender for agricultural inputs under PROFIT project
13:12
-
Botswana launches one-year program for climate tech startups
12:20
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
MTN Ghana completes separation of mobile money into new entity Move aims to boost fintech growth ...
Liberia seeks to replicate Jigawa’s model for large-scale rice production Talks focus on investment, technology transfer, and joint...
Government moves to counter surge in AI-enabled cyber fraud Mobile money fraud exceeds $30 million annually as attacks rise New...
Ethiopia and Burundi sign MoUs across key sectors including defense and energy Agreements aim to translate political ties into concrete...
Duma Gideon Boko visits France for economic and diplomatic engagements Business talks focus on investment, infrastructure, and digital...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...