Nigeria Announces N250 Billion Green Bond for October 2025 to Fund Climate Projects
Nigeria’s N250 Billion Green Bond: A Leap Toward Climate Resilience Nigeria’s Federal Government has unveiled plans to issue a N250 billion Sovereign Green Bond in October 2025, with an initial N50 billion tranche set for late May, as part of its ambitious climate action agenda. Environment Minister Balarabe Abbas Lawal announced the move at a ministerial briefing in Abuja, reinforcing Nigeria’s commitment to sustainable development and its Paris Agreement pledges. Green Bond 2025: Key Details Purpose: Fund clean energy, sustainable agriculture, afforestation, and eco-friendly transport projects. Past Issuances: Nigeria pioneered Africa’s first Sovereign Green Bond (N10bn in 2017), followed by N15bn in 2019. Coordination: Managed by the Debt Management Office (DMO), ensuring alignment with global sustainability standards. Tackling Environmental Emergencies Minister Lawal highlighted urgent actions, including resolving a four-year gas flare devastating ecosystems: “Before we came, gas burned for four years, destroying livelihoods and ecosystems. Now, rigorous environmental impact assessments (EIAs) are […]