The Debt Management Office (DMO) has announced plans to issue a ₦50 billion green bond aimed at supporting the Federal Government’s environmental sustainability initiatives.
The Director-General of the DMO, Patience Oniha, made this known during the official launch of the green bond held in Lagos. She explained that the new issuance is part of the government’s broader strategy to mobilise funds for projects that address climate change and promote a greener economy.
Oniha recalled that Nigeria made its debut in the green bond market in 2017, with the successful issuance of a N10 billion green bond.
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According to her, the upcoming ₦50 billion green bond is intended to deepen the market, attract more environmentally conscious investors, and finance projects in sectors that support the environment.
BusinessDay