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FMDQ Partners FSD, Climate Bonds to Launch Nigeria’s Pioneer Green Bond Market Development Programme

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Thursday, June 07, 2018 7.30PM / Proshare WebTV

 

FMDQ, in partnership with the Financial Sector Deepening Africa (FSD) and Climate Bonds Initiative (CBI), supported by the Securities and Exchange Commission (SEC) and Access Bank PLC (Access Bank), hosted a  Nigerian Green Bond Market Development Programme launch  in Lagos. 

Focusing on the theme "The Rise of Green Bonds-Global Trends and the Opportunity for Nigeria" , it was an opportunity for stakeholders and investors to explore how green finance can be deployed for impact investing in the economy. 

It was a forum designed to create awareness and drive education required to integrate the principles of green financing into the Nigerian Debt Capital Market. 

Giving his remarks at the ground breaking event the Minister of State, Environment Mr Ibrahim Usman Jibril lauded the FMDQ OTC for gathering key stakeholders to begin the conversations around  green bonds as a creative way of providing sustainable financing. 

The Minister said “Our collective efforts have created a product everyone should be proud of and one which Nigeria should leverage to create value”. 

Dr Idiat Oluranti Adebule the Deputy Governor of Lagos State in her address commended all stakeholders, for their commitment towards the launch Nigeria Green Bond Market Development programme. 

Representing the Lagos State Governor, Dr Adebule assured the stakeholders that Lagos State will provide a friendly and an enabling  environment for investors. 

The Chairman of the House Committee on Capital Markets and Other Institutions Hon. Tajudeen Yusuf  described  the “Nigerian Green Bond Market Development Programme” by the FMDQ as an attestation to its drive for innovative market solutions, even at its nascent stage of evolution. 

Speaking further he said the 8th National Assembly will continue to support the development of the capital market, which will translate to the growth of  the Nigerian economy. 

The Director, Climate Bonds Initiative Justine Leigh-Bell in her presentation on “The Rise of Green Bonds” gave insight into How Green finance is transforming the Global Financial Market, while she identified  the challenge every country faces on Climate change. 

According to her “ We are very excited about this significant milestone. Working with FMDQ and FSD Africa will provide a platform to open up the Nigerian economy to a wider investor universe as we commence our journey to the local capital markets by entrenching financial instruments such as Green Bonds”. 

On his part the Chief host and MD/CEO of the FMDQ OTC Mr Bola Onadele, Koko believed the pursuit to develop the Green Bond market in partnership with reputable financial institutions like FSD Africa and Climate Bonds Initiative, will help address infrastructure gaps and environmental challenges in a sustainable manner to deliver prosperity for Nigerians. 

The Director, Capital Markets Development, FSD Africa Mr Evans Osono was of the strong view that this partnership provided an opportunity to work closely in developing Nigeria’s debt capital market through the Green Bonds Programme. 

The Nigerian Green Bond Market Development Programme will span a course of three years with a clear focus on supporting the development of guidelines and listing requirements for Green Bonds in Nigeria.

 

Proshare Nigeria Pvt. Ltd.


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