The Federal Government has announced plans to raise up to ₦500 billion through the issuance of green bonds in 2026, aimed at financing climate-related and environmental projects across the country. The initiative was highlighted by the Minister of Environment, Balarabe Lawal, following Nigeria’s participation in the Abu Dhabi Sustainability Week. The bond issuance is part of the government’s broader strategy to mobilize sustainable financing for projects that address climate change and promote environmental sustainability.

Proceeds from the green bond are expected to be directed towards initiatives focused on climate change mitigation and adaptation, renewable energy, sustainable agriculture, and environmental protection. The Minister noted that these projects will support Nigeria’s climate goals, enhance resilience to environmental risks, and stimulate the adoption of sustainable practices across various sectors of the economy.

The government emphasized that the green bond programme aligns with Nigeria’s commitment to sustainable development and climate finance. By leveraging private and institutional investments through the bond, the Federal Government aims to accelerate the implementation of green projects, create jobs, and ensure long-term environmental and economic benefits for communities nationwide.