Climate Financing: DMO lists N47 billion green bond on NGX, FMDQ
Nigeria’s Debt Management Office has listed a N47.355 billion sovereign green bond on the Nigerian Exchange Limited and the FMDQ Securities Exchange, as the Nigerian government steps up efforts to finance climate and environmental projects.
The bond, which carries an interest rate of 18.95 per cent and will mature in June 2030, was officially listed on Wednesday , according to a statement issued by the DMO.
The Series III bond is the third sovereign green bond issued by the federal government through the DMO.
Green bonds are special debt instruments used to raise funds for environmentally friendly projects such as renewable energy, afforestation, cleaner transportation systems and climate-resilient infrastructure.
The DMO said the issuance showed the government’s commitment to supporting projects that will help Nigeria move towards a low-carbon and climate-resilient economy.
According to the agency, the listing on NGX and FMDQ is expected to improve liquidity for investors and promote price transparency in the secondary market.
The DMO also said the bond would help expand Nigeria’s climate finance market by increasing the visibility of sustainability-focused investment products and giving ethical investors more options in the domestic debt market.
Nigeria has turned to green financing in recent years as climate-related challenges, including flooding, desertification and energy transition pressures, continue to grow.
The latest listing comes amid broader government plans to deepen sustainable financing.
Earlier this year, the federal government disclosed plans to raise up to N500 billion through green bond issuances in 2026 to fund environmental and climate-related projects.
Investor appetite for such instruments has also remained strong.
In June last year, the government offered N50 billion in green bonds, but total subscriptions rose to about N91.42 billion, representing an oversubscription of roughly 183 per cent.
Nigeria made history in 2017 as the first African country to issue a sovereign green bond, positioning itself within the fast-growing global sustainable finance market.
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