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Nigerian govt to issue second green bonds

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Minister of State for Environment, Ibrahim Jibril

The Federal Government has announced that arrangements have been completed for the issuance of its second Green Bonds in next month to facilitate the funding of climate change projects in the country.

Minister of State for Environment, Ibrahim Jibril, made this known in Lagos at a two-day national stakeholders retreat ahead of the planned issuance.

Speaking through his Senior Technical Assistant, Dr. Ishiyaku Mohammed, the Minister noted that the retreat was designed to sensitise and galvanise the active participation of stakeholders in the issuance process.

Jibril said the event was equally meant to review the grey areas from the first issuance with a view to consolidating and strengthening the process towards a hitch free second phase.

According to him, the issuance of Green Bonds is one of the ways the country has adopted to meet its obligations to the Paris Agreement as well as fastrack the reduction of emissions in line with the Paris Treaty.

With the successful first issuance in 2017, Nigeria became the first country in Africa to take such initiative.

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