(Ecofin Agency) - The Debt Management Office (DMO) of Nigeria just announced the future issuance of up to NGN15 billion ($41.6 million) in green bonds to fund environmental projects.

“These eligible green projects can be classified under three (3) themes within the green bond framework, namely: renewable energy, afforestation, and transportation,”  the office said in a statement.  It further indicated that there are ongoing roadshows in Lagos and Abuja.

In the framework of that issuance, the DMO is working with Chapel Hill Denham Advisory, Capital Assets, Rand Merchant Bank Nigeria, and Stanbic IBTC Capital.

Let’s note that in March 2019, Access Bank had already raised $41 million via green bonds issuance to fund sustainable projects in the industry, transport and agriculture sectors.

Gwladys Johnson Akinocho