Home NEWS Buhari Govt Plans N15 Billion Green Bond To Fund Agric, Power, Others

Buhari Govt Plans N15 Billion Green Bond To Fund Agric, Power, Others

Nigeria’s President Muhammadu Buhari

The Federal Government under President Muhammadu Buhari is planning a N15 billion Green Bond to fund agriculture, power, health and water amenities to make life better for Nigerians.

The minister of Finance, Hajiya Zainab Ahmed, who announced today, Monday at a news briefing in the United States of America, explained that the Debt Management Office (DMO) will be in the forefront for the  programme.

According to her,  the Green Bond will be the second one and would be used to finance agriculture, power sector, mostly solar projects, as well as some projects in the water sector.

She said that the projects for which the funds will be applied “must be green.

“They must be projects that are not contributing to carbon dioxide emissions to the society. The first green bond issuance was successful and all the projects that were scheduled to have been financed have been done and the projects are at various levels of completion.”

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