The Debt Management Office (DMO) has revealed plans to issue a ₦50 billion green bond as part of the Federal Government’s commitment to financing environmental and climate-resilient projects.
Speaking at the official launch event in Lagos, DMO Director-General Patience Oniha said the offering aligns with Nigeria’s broader sustainability agenda and underscores the government’s efforts to address climate change through responsible financing.
According to Oniha, the bond proceeds will be used to fund eco-friendly projects across key sectors, including renewable energy, afforestation, sustainable agriculture, and waste management. The initiative is designed to support the country’s transition to a low-carbon economy while also attracting green investment capital.
“This new issuance marks a continuation of Nigeria’s journey in the green finance space,” Oniha said. “Our goal is to deepen the domestic debt capital market while contributing to global efforts on environmental sustainability.”
She recalled that Nigeria became the first country in Africa to issue a sovereign green bond in 2017, raising ₦10 billion to support similar environmentally focused initiatives. The bond was well-received by investors and helped establish Nigeria’s credibility in the sustainable finance market.
Since then, the government has pursued various strategies to strengthen its environmental financing framework, including aligning future issuances with global standards such as the Green Bond Principles and the UN Sustainable Development Goals (SDGs).
The upcoming ₦50 billion green bond is expected to attract both institutional and retail investors who are increasingly seeking ESG-compliant (Environmental, Social, and Governance) investment opportunities.
