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Nigeria Green Bond Programme

Overview

Abstract

To accelerate the take-up of green bonds as a tool for Nigeria to tap into domestic and international capital markets to finance green projects and assets.

Results

Facilitate the establishment and development of a Green Bond market.
Support the development of guidelines and listing requirements for Green Bonds.
Develop a pool of Nigeria-based licensed veriﬁers to support issuers.
Develop a pipeline of green investments and facilitate engagement with potential investors.
Support broader debt capital markets reforms with positive impacts on the non-government bond market in Nigeria.

Project Details

Project Title

Nigeria Green Bond Programme

Implementing Partner

FMDQ Group, OneWattSolar

Donor(s)

FSD Africa

Value (in £)

TBC

Implementation Period

January 2018 – March 2023

Countries Covered

Nigeria

Project Description

To accelerate the take-up of green bonds as a tool for Nigeria to tap into domestic and international capital markets to finance green projects and assets.

Target results

Facilitate the establishment and development of a Green Bond market.
Support the development of guidelines and listing requirements for Green Bonds.
Develop a pool of Nigeria-based licensed veriﬁers to support issuers.
Develop a pipeline of green investments and facilitate engagement with potential investors.
Support broader debt capital markets reforms with positive impacts on the non-government bond market in Nigeria.

Progress

10 Capacity building sessions have been held.
Corporate Green Bonds of a value amounting to ₦32.83 billion have been issued.
Sovereign Green Bond(s) of a value amounting to ₦25.69 billion have been issued.
Five (5) issuers (sovereign and corporate) were supported with Green Bond verification and reporting and post-issuance impact reporting.
One (1) licensed verifier has been trained to support issuers.
A total of 928 capital markets beneficiaries have benefited from the programme.