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
-
Afrochella, Ghana’s year-end meeting point with African diasporas
13:32
-
Powering the Future: Inside Nigeria’s 2025 Electric Vehicle Industrial Revolution
19:20
-
Gates Foundation, ADQ Invest $40M in AI for African Education
18:49
-
Egypt’s HealthTech Firm Nice Deer Lands Telecom Egypt as Key Client
18:38
-
Nigeria fintech Clea eases international supplier payments for businesses
17:15
-
Morocco accelerates airport digitalization at Casablanca hub for AFCON 2025
16:12
-
Lomé Commercial Fortnight runs through January 4, 2026
15:38
-
Cameroon positions 650,000 hectares for deforestation-free cocoa under EU rules
13:48
-
Mohamed Simporé named BICEC CEO, Outman Roqdi reassigned within BCP
13:27
-
Cameroon plans scrappage scheme and higher taxes on used car imports
12:50
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Central bank launches project for real-time transfers across banks and mobile wallets System aims...
BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...
Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...
Nigeria now has ~20,000 EVs on the road. While under 1% of the total fleet, adoption is surging in urban areas like Lagos and Abuja. SAGLEV’s Imota...
The Gates Foundation and ADQ launched a four-year initiative to transform education in sub-Saharan Africa using AI and EdTech, with ADQ contributing up...
Nice Deer has partnered with Telecom Egypt to manage healthcare services for over 28,000 employees via its digital insurance platform. The announcement...
Ghana plans to introduce a fully online visa application system in early 2026 The reform aims to speed up processing and simplify entry...
Afrochella, now known as AfroFuture, is a cultural event held annually in Ghana, mainly in Accra, around the Christmas and end-of-year period. Launched in...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...