CJID, Heinrich Böll Stiftung hosts dialogue, report launch on climate finance in Nigeria - Premium Times Nigeria

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.”

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