{"id":38196,"date":"2020-02-06T15:07:56","date_gmt":"2020-02-06T14:07:56","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=38196"},"modified":"2020-02-07T03:47:08","modified_gmt":"2020-02-07T02:47:08","slug":"fg-is-set-to-undertake-a-third-issuance-a-series-iii-green-bond-of-n25-billion","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/fg-is-set-to-undertake-a-third-issuance-a-series-iii-green-bond-of-n25-billion\/","title":{"rendered":"FG Is Set To Undertake A Third Issuance; A Series III Green Bond Of N25 billion"},"content":{"rendered":"

The federal government is set to raise N25 Billion in its third Green Bond Issuance slated for 2020.<\/p>\n

Minister of Environment Dr Muhammad Mahood Abubakar, disclosed this to stock brokers on the trading floor of Nigerian Stock Exchange (NSE) on Thursday 06\/02\/2020.<\/p>\n

The minister who had the privilege to close the market, by sounding the closing Gong, commended the brokers\u2019 contributions towards economic growth.<\/p>\n

While he explained that the third green bond will focus on environmental related projects, noted that the bond issuance is further aimed at improving the wellbeing of nigerians.<\/p>\n

He added that, the process of the issuance of the series III bond is still being worked out by the relevant agencies.<\/p>\n

On his part, the chief executive officer of the NSE, Oscar Onyema said the coming of the minister shows the confidence placed on the stock exchange.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

It will be recall that following the country’s successful debut green bond issuance of N10.69 billion ($30 million) in December 2017 – Nigeria became the first African country to issue a green bond.<\/p>\n

The Nigerian Debt Management Office noted that the Series II Green Bond issuance is a further demonstration of the government\u2019s commitment to the reduction of greenhouse gas emissions by 20% (unconditionally) by 2030, as outlined under the Paris Agreement signed on 21 September 2016.<\/p>\n

Through the Offer, the federal government seeks to raise N15 billion to finance projects with green credentials.<\/p>\n

These eligible green projects can be classified under three themes within the green bond\u00a0framework, namely: renewable energy, afforestation, and transportation.<\/p>\n

The Nigeria ministry of environment implements programmes and projects that provide the enabling environment for the achievement of the emissions targets that have been outlined in its Nationally Determined Contributions.<\/p>\n","protected":false},"excerpt":{"rendered":"

FG Is Set To Undertake A Third Issuance; A Series III Green Bond Of N25 billion<\/p>\n","protected":false},"author":6,"featured_media":38199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[624],"tags":[1584],"coauthors":[2391],"class_list":["post-38196","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-politics","tag-green-bond"],"yoast_head":"\nFG Is Set To Undertake A Third Issuance; A Series III Green Bond Of N25 billion - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/fg-is-set-to-undertake-a-third-issuance-a-series-iii-green-bond-of-n25-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG Is Set To Undertake A Third Issuance; 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