IN order to achieve the Net Zero target by 2060, President Bola Ahmed Tinubu’s led government has allocated the sum of N60 billion in the 2024 budget for projects aimed at reducing emissions
The Minister of State for Environment, Dr Iziak Salako, disclosed on Wednesday that this funding will be obtained through the third issuance of the Sovereign Green Bond.
Speaking at the Inter-Ministerial Committee on Climate Change Meeting on the Green Bond Programme in Abuja yesterday, the minister emphasized the importance of the continuous and successful implementation of the Green Bond programme for Nigeria’s green capital projects, considering the significant implications of the country’s commitment to the Net-Zero goal by 2060, which was made in 2021.
Salako said: “Following the successful issuances of N25.69bn in the maiden and second issuances, we have agreed to an incremental year-to-year issuance from 2024 to 2027 starting with a larger sized issuance of N60 billion in 2024 for the implementation of green projects that can contribute significantly to the country’s low emission target.”
