The Federal Government has unveiled plans to raise N500 billion in 2026 through the issuance of green bonds, aiming to finance climate-related and environmentally sustainable initiatives.
Minister of Environment, Balarabe Lawal, announced the plan on his verified X handle following Nigeria’s participation at the Abu Dhabi Sustainability Week. He emphasized that the move reflects the government’s commitment to expanding climate financing options while reducing reliance on oil revenues and traditional borrowing.
“The proceeds from the proposed N500 billion green bond will fund projects focused on climate change mitigation and adaptation, environmental protection, renewable energy, sustainable agriculture, and other green initiatives aligned with Nigeria’s climate goals,” the minister explained.
This initiative marks a significant step in Nigeria’s growing use of climate-linked debt instruments to mobilize long-term capital for sustainable development, while attracting environmentally conscious investors.
Nigeria has previously tapped the green bond market to fund eco-friendly projects, positioning the instrument as a key pillar of the country’s strategy to meet international climate commitments and accelerate its transition to a low-carbon economy.
The government believes that scaling up green bond financing will not only strengthen environmental resilience but also foster inclusive growth and support sustainable economic diversification.
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