National Wire About Nigerians, Nigerian Business and Other Stories
Stakeholders, stakeholders, intermediaries, issuers, investors, and regulators have been enjoined to take advantage of the enormous resources and potential of sustainable finance to build a green climate resilient economy in Nigeria and create greater prosperity for investors and Nigerians.
This was stated by Director General of the Securities and Exchange Commission Dr. Emomotimi Agama during a capacity building workshop for capital market operators on Green Finance in Lagos, Tuesday.
The workshop is part of an ongoing capacity building initiative administered by the African Development Bank Group and financed by the Capital Market Development Trust Fund (CMDTF) of the Bank.
The SEC DG represented by Executive Commissioner Operations SEC, Mr. Bola Ajomale, emphasised that the Commission is steadfast in its commitment to champion sustainable finance initiatives as the Rules on Green Bonds have already facilitated a couple of sovereign issues and multiple corporate issues.
Agama said. “The Federal Government through the Debt Management Office (DMO) has led the way in Africa in this regard by issuing the first sovereign green bond in December 2017. It has since followed up with another N15bn issuance in June 2019 specifically to fund renewable energy, afforestation and transportation.
“The Commission also approved two green bond issues by North South Power Services Ltd and Access Bank Plc worth N8.56bn and N15bn respectively to finance various infrastructural projects in the power, water and agriculture sectors of the Nigerian economy.
The onus therefore lies with all of us distinguished ladies and gentlemen to continue to expand these issuances by locating a need and fashioning appropriate sustainable financing products to meet them.
Left to right:
Executive Commissioner Operations Securities and Exchange Commission, Mr. Bola Ajomale, Executive Director, Climate Transition Limited Mr. Olumide Lala and Director SEC Mrs Hafsat Rufai during Institutional Capacity Debelopment on Green Finance for Capital Market Operators in Lagos Tuesday.
