The Federal Government plans to launch a N20 billion ($64 million)
green bond in April to fund projects and enhance sustainable
development.
Acting President Yemi Osinbajo stated this yesterday
while addressing participants at the Green Bonds Capital Market &
Investors Conference organised by the Federal Ministry of the
Environment and the Debt Management Office (DMO) at the Nigerian Stock
Exchange (NSE) in Lagos.
Osinbajo added the bond issuance would
boost the Federal Government diversification strategy to non-oil
sectors, eradicate poverty and deepen the nation’s capital market.
According to Osinbajo, climate change had led to natural disasters,
which has resulted to shortage of food and energy supply, and ultimately
increased the level of poverty in the Nigeria.
The Minister of
Environment, Mrs. Amina Mohammed, said that the initiative was in line
with the Federal Government sustainable development initiative developed
since September 2016.
Mohammed, who is due to join the United Nations as deputy secretary
general, told investors the programme was part of plans to widen
Nigeria’s funding options and diversify its oil-dependent economy.
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