Nigeria Green Bond Programme

Project description

To accelerate the take-up of green bonds as a tool for Nigeria to tap into domestic and international capital markets to finance green projects and assets.

Target Results

• Facilitate the establishment and development of a Green Bond market.
• Support the development of guidelines and listing requirements for Green Bonds.
• Develop a pool of Nigeria-based licensed verifiers to support issuers.
• Develop a pipeline of green investments and facilitate engagement with potential investors.
• Support broader debt capital markets reforms with positive impacts on the non-government bond market in Nigeria.

Progress to date

• 10 Capacity building sessions have been held.
• Corporate Green Bonds of a value amounting to ₦32.83 billion have been issued.
• Sovereign Green Bond(s) of a value amounting to ₦25.69 billion have been issued.
• Five (5) issuers (sovereign and corporate) were supported with Green Bond verification and reporting and post-issuance impact reporting.
• One (1) licensed verifier has been trained to support issuers.
• A total of 928 capital markets beneficiaries have benefited from the programme.

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