Abuja, Nigeria – The Federal Government, through the Debt Management Office (DMO), has announced the offering of a N50 billion Sovereign Green Bond aimed at financing environmentally sustainable projects across the country.
Speaking at a stakeholder engagement session held in Lagos, the Director-General of the DMO, Ms. Patience Oniha, explained that the bond proceeds will support a range of climate-friendly initiatives. These include investments in renewable energy, afforestation, dam construction, and compressed natural gas (CNG) infrastructure.
According to Ms. Oniha, the minimum subscription for the bond is N10 million, with subsequent investments to be made in multiples of N1 million.
In a related presentation, Dr. Iniobong Awe, Director of Climate Change at the Federal Ministry of Environment, highlighted the urgent threat of desertification in Northern Nigeria, stressing its negative impact on communities and livestock.
Dr. Awe reaffirmed the government’s commitment to addressing climate change through the implementation of the Climate Change Act of 2021 and its Net Zero target by 2060. She also noted that these efforts are backed by key initiatives such as the Nigerian Carbon Market Initiative, the Green Bond Programme, the National Council on Climate Change, and the country’s Renewable Energy Policy.
The Green Bond initiative is part of Nigeria’s broader strategy to attract sustainable investment while combating the adverse effects of climate change nationwide.
