In 2017 and 2019, Nigeria rolled out two “green bonds” worth N10.69 billion and N15 billion respectively, becoming the first African country and the fourth in the world to raise a debt instrument entirely for the purpose of financing environmentally sustainable projects.
This offered the country an opportunity to demonstrate leadership in its green financing agenda while getting exposure to new investors and solidifying the country’s commitment to the Paris Climate Change Agreement which was endorsed in 2015. The Acting Executive Director of CJID, Tobi Oluwatola, in a statement, said, “Climate finance is crucial if Africa is to wean itself off fossil fuel dependence and adapt to the effects of anthropogenic climate change.”
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: GuardianNigeria - 🏆 1. / 94 Read more »