By Faridat Salifu
Nigeria plans to raise N500 billion in 2026 through green bonds to fund
projects that tackle climate change and environmental challenges.
Minister of Environment, Balarabe Abbas Lawal, said at the Abu Dhabi Sustainability Week that proceeds will support initiatives improving air quality, providing clean cooking fuels, and combating deforestation.
The bonds are designed to directly benefit communities, helping them adapt to climate impacts while promoting sustainable livelihoods.
Lawal explained that the green bond programme allows the government to implement projects with measurable environmental outcomes while reducing dependence on oil revenues.
Previous green bond issuances in Nigeria, including a N50 billion bond last year, were oversubscribed, showing strong investor confidence in the country’s climate-focused projects.
The initiative complements Nigeria’s carbon market framework, expected to generate $3 billion annually by 2030, linking environmental sustainability with economic growth.
Experts say investments in renewable energy, particularly solar, could unlock a $2.5 billion carbon market opportunity, creating jobs and promoting clean energy adoption nationwide.
By raising funds through the green bond, Nigeria seeks to strengthen resilience to climate shocks, support sustainable infrastructure, and foster a greener economy for future generations.
The initiative also signals Nigeria’s commitment to transparent and accountable climate action, while encouraging international partnerships and investment in local communities.
