FG to Raise N25bn Green Bond to Fund Environmental Projects
The Minister of Environment, Dr. Mohammad Abubakar, thursday said the federal government is ready to undertake a third tranche of the green bond programme of up to N25 billion to fund environmental projects.
Speaking at the Nigerian Stock Exchange in Lagos, Abubakar said: “The first tranche of the green bond was about N10 billion, the second N15 billion and the third, we are looking at N25 billion. We are moving up in the launch He stated that the proceed of the green bond will be used to finance power, aforestation, deforestation water, energy, agriculture among other projects among others.
According to him, the green bond and the issue of climate change is the defining issue of our time and today we are for the process of issuing the third tranche, which is towards financing green project.
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