Green bond programme to boost infrastructural development in Nigeria
IBRAHIM US MAN JIBRIL, the Minister of State for Environment, has called on stakeholder to leverage the growth opportunities in the green bond programme, and use it as a means to boost infrastructural development in the country.
The minister said this at the maiden Investors’ Capacity Building and Training Session on Green Bonds, organised by the FMDQ OTC Securities Exchange, in conjunction with Financial Sector Deepening Africa (FSD Africa), and Climate Bonds Initiative (CBI), in Lagos.
Jibril said, “The tenets of sustainable finance, and indeed, green bonds issuances have come to stay, and Nigeria should leverage the opportunities provided by this formidable partnership, which is geared to build a pool of green bond demonstration issues that will be used to finance key infrastructure and environmental friendly projects.”
Tumi Sekoni, associate executive director at FMDQ, expressed delight in the partnership between FMDQ, FSD Africa, and CBI, noting that investors are a critical part of the market, and
in no small measure, play a defining role in green investments.
According to Sekoni, the importance of stakeholder engagement across the sustainable and green finance value chain cannot be overemphasised, even as the Nigerian financial market sets to tap the development opportunities availed in this space.
Justine Leigh-Bell, the director, market development at CBI, also followed the lead of Sekoni in applauding the initiative, she said it is another step forward towards the robust Nigerian green finance market.
Evans Osano, director financial markets at FSD Africa, said, “we are delighted to be part of this partnership, which will enable investors - the driving force of green growth, to be better equipped to evaluate green investments and