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Principale » FG Begins Roadshow for N10.7b Green Bonds Issuance

FG Begins Roadshow for N10.7b Green Bonds Issuance

15 Décembre 2017

As part of preparations towards the issuance of the first Sovereign Green Bond, the Debt Management Office (DMO) has kicked off a sensitisation roadshow in Abuja.

She explained that the essence of the roadshow is to ensure that the people or organisations who will invest in the Green Bond have some understanding of what the project is about.

Abubakar said the Green Bond project have 5 priority areas that requires funding.

Also speaking, a representative of the Department of Climate Change, Federal Ministry of Finance, Hajiya Halima Abubakar, explained that Nigeria is prone to coastal environmental hazards which was part of reasons President Buhari signed the Paris Agreement.

Bwari said that the ministry chose to issue the Green Bond as alternative source of funding because of the huge capital outlay required to finance the nation's renewable energy projects.

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The Green Bond is being issued following Nigeria's endorsement of the Paris Agreement on Climate Change on September 21, 2016.

She said government will use the money for specific projects classified as green.

Oniha said that the bonds would be used to finance three renewable energy projects, which were Renewable Energy Micro-Utilities Programme, Re-energising Education Programme and Afforestation Programme.

Stakeholders that participated in the forum include Pension Funds Administrators (PFAs), Federal Ministry of Finance, Inter-ministerial Committee on Climate Change and Nigerian Stock Exchange (NSE).

The offer is expected to close on December 20, Lanre Buluro, director of sales at Chapel Hill Denham, the financial adviser for the Green Bond issue, told Bloomberg on Thursday.

FG Begins Roadshow for N10.7b Green Bonds Issuance