The Debt Management Office (DMO) is planning for a green bond programme ahead of the end from the year to improve funds for environmental projects, a junior minister for your environment said with the weekend.
Ibrahim Jibril said the administrative centre market could see issues of Digimon Masters Online Tera approximately N208 billion ($682 million) this season to fund projects to scale back carbon emissions. The ministry said the whole figure hasn't been fixed and is based on on an evaluation from the projects that require funding.
“Before 12 months runs out, the DMO should come up which has a programme where we're going to come to your market for an additional issue,” Jibril told reporters with the listing of its debut green bond about the Nigerian Stock Exchange (NSE).
Nigeria is exploring options to finance its successive record budgets, especially after an oil price collapse inside the late 2014 that triggered an economic downturn two years later. The economy has since recovered, but growth remains fragile.
The environment ministry has stated a bond programme for DMO Tera environmental projects is part on the government’s make an effort to align having a global objective of expanding the market for finance for efforts to address climate change.
Last year, america issued a maiden N10.69 billion green bond that has a five-year tenor to invest in projects to formulate renewable energy. It was for auction on Friday for secondary trading.