PATIENCE ONIHA, DMO BOSS
News From MDA'S

FG set to issue debut Green Bond in domestic market

269

The Debt Management Office (DMO) has announced that, as part of the preparations towards the Issuance of the first Sovereign Green Bond, it would sensitise prospective investors in the Bond through a Roadshow in Abuja and Lagos on December 14 and 15, 2017.

According to a statement Wednesday the Green Bond is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016. The Paris Agreement aims to strengthen the global response to the threat of Climate Change, since the signing of the Agreement, various countries who are parties to the Agreement have initiated several steps aimed at making the environment better.

The Green Bond proceeds will be used to finance projects in the 2017 Appropriation Act that have been certified as Green because of their positive effects on the environment. Amongst the projects to be financed with the proceeds of the Green Bond Issuance are the Renewable Energy Micro Utilities and Afforestation Programmes.

With the Green Bond Issuance, Nigeria will become one of the few countries in the world and indeed the first African country to issue a Green Bond. Moody’s Investors Service has assigned a GB1 (Excellent) Green Bond Assessment to the Issuance.

The Offer which is for N10.69 billion will be advertised in various media including newspapers and the DMO’s website to enable the public subscribe for the Bonds.

Leave a comment

Related Articles

NPA set to link export processing terminals with domestic export warehouses

The Nigerian Ports Authority (NPA) has unveiled plans to connect Export Processing...

NAGAFF Taps NPA MD, Dr. Abubakar Dantsoho, as Keynote Speaker for Silver Jubilee Anniversary

The National Association of Government Approved Freight Forwarders (NAGAFF) has announced Dr....

NPA MD Repositions Agency, Appoints New Managers, Redeploys General Managers

The Nigerian Ports Authority (NPA) has announced new appointments and redeployments of...

Breaking: FG back dates minimum wage payment to July 29, 2024

The Federal Government’s Committee on Consequential Adjustments in Salaries has agreed to...

FG grants 50% electricity subsidy to hospitals nationwide

The Federal Government has granted a 50 percent subsidy on electricity consumption...

NPA deepens bilateral ties with Belgium for increased port efficiency, trade volume growth

In preparation for the President Bola Tinubu administration’s National Single Window Project,...

Pres. Tinubu appoints new Directors-General for DSS, NIS

President Bola Tinubu has approved the appointments of new Directors-General for the...

Breaking: NIA DG, Rufai Abubakar quits

After about a seven-year stint as Director-General of the National Intelligence Agency...

FG inaugurates 10-member committee on implementation of Supreme Court’s LG autonomy ruling 

The Federal Government has established a 10-member committee to implement the Supreme...

Eastern Ports Development: NPA committed to implementing electronic call-up at Onne Port Complex – MD

Following the directive of the Minister of Marine and Blue Economy, Mr....

NPA MD appoints new port managers for Calabar, Lagos, Port Harcourt others

The Nigerian Ports Authority (NPA) has announced seven new port managers for...

Breaking: Tinubu swears in Mrs. Esther Walson-Jack as new Head of Civil Service

President Bola Tinubu has formally inaugurated Mrs. Esther Walson-Jack as the new...

Tinubu appoints commissioners for RMAFC, board members for TETFund

President Bola Tinubu has approved the appointment of 21 Nigerians as federal...

Pres. Tinubu appoints 7 heads of FG agencies

President Bola Ahmed Tinubu on Tuesday appointed new heads for strategic agencies...

Pension increases: PENCOM faults FG’s omission of pensioners under CPS

The National Pension Commission has warned the Federal Government against the violation...

Nigeria, U.S. Customs partner to combat illicit drug, arms trade using AI

The Federal Government has concluded plans to curb illicit trade in drugs...

As economy bites harder, FG reduces allowances for foreign students

The Federal Ministry of Education, acting on behalf of the Federal Government,...

Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun

The Federal Government has disclosed that a total sum of N1 trillion...

Senate confirms Ewalefoh as new DG of ICRC

The Senate confirmed on Tuesday the appointment of Dr. Jobson Oseodion Ewalefoh...

Nationwide protest: IG cautions organisers to shelve plans

The Inspector General of Police, Mr. Kayode Egbetokun, cautioned on Tuesday that...