The Nigerian Green Bond Market Development Programme Impact Report -2018-2021

This report documents a comprehensive overview of the Nigerian Green Bond Market Development Programme, with a focus on market capacity building, policy advisory and technical support for Green Bond issuance.

The report provides a breakdown of the Programme’s activities and how they have supported the use of Green Bonds in financing low carbon infrastructure.

The NGBMDP has successfully organised ten (10) capacity building sessions for Investors, Intermediaries, Regulators, Media, Solicitors, Rating Agency, State Executive Councils and Verifiers.

Also, it has delivered five (5) focused trainings for Banks, the Securities and Exchange Commission, Nigeria (SEC), and National Pension Commission (PenCom), etc.

The Programme has also assisted in the issuance of four (4)
corporate green bonds and issuance/reporting of two (2) sovereign green bonds while supporting five (5) issuers with green bonds verification reports and post issuance impact reports.

As part of its market development and capacity building efforts, the NGBMDP provided support for the development of guidelines and listings requirements for Green Bonds in Nigeria by the SEC, and organised training sessions focused on developing a pool of local Green Bond licensed verifiers, issuers, investors and intermediaries.

The Programme is committed to accelerating the development of the Green Bond market in Nigeria and supporting broader debt capital markets reforms that impact green bond as a financing instrument for the
transition to a climate resilience economy in Nigeria.

The Programme has the overarching objective of developing a non-sovereign green bond market that will entrench the principles of sustainability into the Nigerian capital markets over the next three (3) years.