SEO Riders:
– Nigeria ₦50bn sovereign green bond launch
– Climate finance and sustainable investment in Nigeria
– Nigeria green bond market development
Nigeria has announced a ₦50 billion sovereign green bond issuance aimed at supporting its Nationally Determined Contribution goals and offsetting fossil fuel debt within its fixed-income market. The bond will fund environmentally beneficial projects—such as renewable energy, energy efficiency, and climate adaptation—while incentivizing private sector participation and enhancing fiscal transparency.
This issuance follows earlier sovereign green bonds in 2017 and 2019 (₦10.7 billion and ₦15 billion respectively) and builds on recent corporate green bond activity, including North South Power’s ₦6.3 billion issuance under the ₦50 billion programme . The initiative is part of a broader strategy to operationalize Nigeria’s Climate Change Fund, channel climate finance into sustainable low-carbon projects, and lay the groundwork for future private-sector green bond issuances.
