FG has floated N50 billion Green Bond to fund climate-friendly projects.
NewsOnline Nigeria reports that the Debt Management Office (DMO) has put on offer a N50 billion Green Bond on behalf of the federal government.
Director-General of the DMO, Ms. Patience Oniha, told investors at a stakeholders’ meeting in Lagos on Monday afternoon that the proceeds would be used to fund several climate-friendly projects such as renewable energy, afforestation and dams across the country.
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The instrument has a five-year tenor and will be benchmarked against the FGN Savings Bond which is treated in the nation’s capital market.
Details later…
