NSE hosts FG, Private sector parley on Green Bonds investments

Proshare

Friday, February 23,2017 8.00pm/Proshare WebTV 

As part of its efforts in serving as a platform for strategic investments, wealth creation and providing liquidity through the capital market, the Nigeria stock exchange today hosted the “Sovereign Green Bonds” summit, facilitating a strategic engagement between the Federal government and private sector players. 

Exploring the theme “Green Bonds: Investing in Nigeria’s Sustainable Development”, the one-day summit served as a prelude to the planned issuance of the “ N20bl Sovereign Green Bond”, by the first quarter of 2017. 

In her opening remarks, the Minister for Environment Mrs. Amina Mohammed described the Green Bonds summit as the environment’s sector contribution to Nigeria’s economic diversification strategy. 

Mrs Mohammed further stated that the summit keyed into the proposition of the Economic Recovery and Growth Plan (ERGP), which has identified the “Green Bonds” as an alternative source of financing. 

She said the Green Bonds will support infrastructure, renewable energy and create jobs for Nigerians, through the strategic partnerships to be deployed. 

Speaking on the viability of the Green Bonds, the Environment Minister said at the global level there are 91 funds on Green financing with the commitment to mobilizing $100bl annually, for sustainable development investments. 

Acting President Prof Yemi Osinbajo, who was the Special guest of honour in his keynote asserted that the “Green Bonds Summit” was an alliance between environment and finance. 

He commended the Ministry of Environment, Ministry of Finance and the Debt Management Office (DMO) for organizing the summit, which he believed will bring a win-win situation between the public and private sector. 

Prof Osinbajo was confident that the planned “Sovereign Green Bonds” issuance will further deepen the capital markets, thereby harnessing the potentials of the domestic markets and combat economic inequality in the country. 

The Chairman of the Economic Management Team was optimistic that through the “Green Bonds” there will be a significant shift to non-oil based assets, which is required as Nigeria seeks to diversify its economy. 

Highlights of the event were panel sessions featuring the dialogue with Ministers, opportunities for the capital market and the enabling environment for Green Bonds.

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