PATIENCE ONIHA, DMO BOSS
News From MDA'S

FG set to issue debut Green Bond in domestic market

450

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

NDLEA/Optometric Association Vision Centre Launch, Bold Move in Staff Welfare

As part of efforts to enhance staff welfare and morale, National Drug...

Dangote Pays Visit to NPA, Commends One-Stop-Shop Initiative’s Success

The Managing Director/CEO of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho,...

Amended NDLEA Act to Bolster Anti-Drug Efforts – Justice Minister, Marwa

The Attorney General of the Federation and Minister of Justice, Prince Lateef...

FG Brings Relief to Workers As Payment of N35,000 Wage Award Arrears Begins Soon – AGF

In a bring relief to its workforce, the Federal Government says it...

Community-Based Approach Key to Winning Drug War, First Lady, UNODC, and Marwa Tell States

In a concerted effort to combat the devastating impact of substance abuse...

NPA Inaugurates Committee to Drive Port Operations Transformation

The Federal Government has launched the Ports and Customs Efficiency Committee (PCEC)...

New NISO MD pledges to boost nation’s electricity generation, transmission, distribution

Mr. Abdu Mohammed, the newly appointed Managing Director of the Nigerian Independent...

NPA Reaffirms Commitment to Gender Equality, Women’s Empowerment – MD Dantsoho

The Nigerian Ports Authority (NPA) has reiterated its dedication to advancing gender...

Nigeria targets Africa’s Maritime Logistics Hub Under AfCFTA, says NPA MD, Dantsoho

Nigeria has set its sights on becoming the maritime logistics hub for...

Japan, Nigeria Collaborate on Port Efficiency, Renewable Energy

The Nigerian Ports Authority (NPA) has taken a significant step towards improving...

CBN Reschedules Monetary Policy Committee Meeting for February 18-19

The Central Bank of Nigeria (CBN) has announced a new date for...

NPA Announces 15% Port Tariff Increase, First in 32 Years

The Federal Government, through the Nigerian Ports Authority (NPA), has announced a...

Agge Deep Seaport Project: Bayelsa Set to Become Major Transport Hub, says Oyetola

A high-powered team from the Federal Ministry of Marine and Blue Economy...

Nigerian Ports Authority Introduces New Protocols for Truck Access to Ports

The Nigerian Ports Authority (NPA) has introduced significant changes to its truck...

NPA, NLNG collaborate to boost Nigeria’s export capabilities

In a bold move to boost Nigeria’s export sector, the Nigerian Ports...

Nigeria’s Economy Soars as Customs Records N196.94trn Trade Value in 2024

The Nigeria Customs Service (NCS) has achieved a remarkable milestone, recording a...

Nigeria Customs Service Generates ₦6.1trn in Revenue for 2024, Exceeds Target by 22%

The Nigeria Customs Service (NCS) has announced a remarkable achievement in revenue...

Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off

President Bola Tinubu’s directive to sell crude oil and refined products in...

NAFDAC to bakers: Use bromate, saccharine to produce bread and risk shutdown

Worried by the health implications of some additives in bread production, the...