February 23, 2025
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By Andy Nssien
Nigeria’s efforts to combat the threat of climate change got a boost weekend by the listing of the N10.69billion, 5-year, Federal Government Sovereign Green Bond at coupon rate of 13.48% on the nation ‘s bourse.
A green bond is a fixed income instrument for raising funds through the capital market specifically for environmental friendly projects.
Listed by the Debt Management Office, it is the first sovereign green bond issuance in Africa and emerging markets and the fourth sovereign green bond in the world.
At a pre-listing conference for market participants on Friday attended by about 200 market operators, government officials, corporate executives, as well as top officials from the academic and sustainability sector, the Chief Executive Officer of The Nigerian Stock Exchange, Mr. Oscar Onyema said the listing of the sovereign bond was a testament to the NSE’s continued vision of pushing green finance and more broadly, the sustainable development agenda in Nigeria.
“Admitting the first ever sovereign green bond in an emerging market is yet another milestone for the Exchange and is a further affirmation of our unique platform to support both the Federal Government and businesses to access capital for sustainable initiatives,” he added.
He stated that the listing of the FGN Green Bond represented a new stage in the development of Nigerian capital markets and opened the way for further corporate issuance and international investments.
“As a member of the UN Sustainable Stock Exchange Initiative, we are committed to developing this enormous opportunity for Nigeria,” he further stated.
In her statement during the listing ceremony, the Director General of DMO, Patience Oniha, stated: “The Green Bond Listing is an opportunity to enable Nigeria tap into the growing global market for green bonds, which as of end of 2016 comprised of $576billion of unlabeled climate-aligned bonds and $118billion of labelled green bonds according to Climate Bonds Initiative in London.”
According to her,the DMO is proud to list the N10.69 billion FGN Green Bond 2022 on the NSE and expects that trading this instrument will not only bring about Climate Change Awareness but will also diversify the Nigerian Capital Market and attract more investors”.
Minister of State for Environment, Ibrahim Usman Jibril, also said on the occasion:“The Sovereign Green Bond further reinforces Nigeria’s reemergence as a major player in the international climate regime, and President Muhammadu Buhari’s strides in moving Nigeria towards being a low-carbon economy. The issuance of a Green Bond by Nigeria delivers on program 47 of its Economic Recovery and Growth Plan (ERGP), in addition to meeting the expectations set out in Article 2 of the Paris Agreement.”
The Green Bond issuance and listing follows Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016. The Paris Agreement aims to strengthen the global response to the threat of Climate Change. Since the signing of the Agreement, various countries that are parties to the Agreement have initiated several steps aimed at making the environment better.
It will be recalled that, NSE, in collaboration with Federal Ministry Environment, Federal Ministry of Finance and Debt Management Office hosted a high profile conference themed “Green Bonds: Investing in Nigeria’s Sustainable Development” in 2016 that provided an opportunity for the government to engage the capital market stakeholders. The conference was a major step towards the issuance of Nigeria’s first sovereign green bond.
Parties to the transaction include The Ministry of Environment, The Debt Management Office and Chapel Hill Denham, who are the financial advisers to the transaction

4 thoughts on “Nigeria unveils First Sovereign Green Bond in Africa

  1. equilibrado dinámico
    Dispositivos de calibración: fundamental para el operación estable y óptimo de las maquinarias.

    En el ámbito de la innovación actual, donde la productividad y la seguridad del aparato son de gran trascendencia, los aparatos de calibración juegan un tarea vital. Estos aparatos dedicados están creados para calibrar y asegurar componentes giratorias, ya sea en herramientas manufacturera, automóviles de transporte o incluso en equipos caseros.

    Para los técnicos en conservación de dispositivos y los técnicos, utilizar con equipos de calibración es importante para proteger el desempeño uniforme y fiable de cualquier dispositivo dinámico. Gracias a estas alternativas modernas avanzadas, es posible disminuir considerablemente las vibraciones, el sonido y la tensión sobre los soportes, prolongando la tiempo de servicio de piezas importantes.

    Igualmente importante es el papel que juegan los equipos de calibración en la asistencia al cliente. El asistencia experto y el mantenimiento permanente utilizando estos sistemas permiten dar servicios de excelente excelencia, elevando la bienestar de los compradores.

    Para los propietarios de emprendimientos, la aporte en estaciones de equilibrado y sensores puede ser esencial para incrementar la eficiencia y productividad de sus aparatos. Esto es sobre todo relevante para los emprendedores que manejan reducidas y intermedias organizaciones, donde cada aspecto vale.

    Por otro lado, los sistemas de calibración tienen una gran utilización en el área de la protección y el gestión de excelencia. Facilitan localizar eventuales errores, reduciendo reparaciones caras y averías a los aparatos. También, los resultados obtenidos de estos dispositivos pueden emplearse para perfeccionar procesos y potenciar la visibilidad en plataformas de investigación.

    Las áreas de implementación de los aparatos de balanceo incluyen múltiples industrias, desde la elaboración de bicicletas hasta el seguimiento de la naturaleza. No influye si se habla de enormes elaboraciones de fábrica o limitados locales domésticos, los sistemas de equilibrado son esenciales para proteger un rendimiento eficiente y sin interrupciones.

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