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NGX Advocates Increased Investment In SDGs

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“At NGX, we remain committed to fostering the growth of sustainable financial products that integrate the financial risks and help issuers leverage the

Speaking on NGX’s role in fostering the growth of sustainable finance in Nigeria, he highlighted the role of the Exchange in developing the Nigeria’s green bond market.

According to him, NGX, has over the years, played a leading role in developing financial instruments that address sustainable development and promote financial inclusion in the Nigerian capital market. “In recognition of Nigeria’s climate finance needs and the urgent action required to combat climate change as enshrined in the Paris Agreement on Climate Change, the Exchange, in 2016, championed efforts along with government and industry stakeholders that culminated in the issuance of the maiden N10.69 billion, 13.48 per cent 5-year green bond in 2017.

“The Exchange also played a leading role in promoting the development and issuance of the Federal Government of Nigeria Ijarah Sukuk which has proven to be a highly attractive instrument that supports inclusion from Nigeria’s ethical investors and sharia compliant investors who have stronger preference for non-interest based instruments,” he pointed out.

 

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