BoI to finance climate-friendly investments with €100m

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 54 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

The Bank of Industry on Monday said it has accessed a €100m credit under the Transforming Financial Systems for Climate programme of the agency, in collaboration with the Green Climate Fund.

He said the BoI also has access to the $600m Global Environment Fund/ Resource Efficiency and Cleaner Production credit guarantee scheme that would support it in financing the procurement of plant and machinery for projects that would promote industrial energy efficiency.

Since the Sustainable Development Goals were launched, he added, there had been concerted efforts globally, to ensure that sustainability was advertised and sold to the world not for profit, but to ensure that sustainability was achieved with active and unwavering commitment from all stakeholders in the global ecosystem.

Pitan stated that one of the primary drivers of the developmental strategy at the BoI was to accelerate the industrialisation of the Nigerian economy, by providing financial and business support services to environmentally-friendly and sustainable projects across key sectors of the economy. During the visit, the Chairman, AADFI, Mr Thambo Thamane, said the objective was to promote economic and social development in Africa through cooperation among financial institutions and development partners across the globe.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

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.

Executing capital projects in 2023 may be difficult - Finance MinisterMinister of Finance, Budget and National Planning, Zainab Ahmed, has ruled out the possibility of the federal government financing any capital project in Aboki don spend money finish. Buh executing ur Stipends nd ur allowances Isn't mysterious aje I thought they are leaving by 2023 or. . ...
Source: DailyPostNGR - 🏆 11. / 59 Read more »