General

Nigeria to devise green bond issuance programme by end 2018 -environment minister

Nigeria’s debt office will devise a green bond programme before end of 2018, junior minister for environment said on Friday.

Ibrahim Jibrin said the capital market could see issues of around 208 billion naira ($682.30 million) this year to fund projects to reduce carbon emissions. However, the ministry said it was a notional amount and that projects would be evaluated. ($1 = 304.8500 naira) Reuters