Nigeria plans to issue a third and fourth tranche of green bonds totaling N300 billion ($200 million) in 2025, deepening its commitment to sustainable finance and climate-resilient infrastructure, Balarabe Lawal, minister of environment disclosed on Wednesday.
The upcoming offerings mark the latest step in the country’s strategy to tap into environmentally linked debt markets, even as it grapples with mounting fiscal pressures and the impact of climate change.
The issuance will be coordinated through Nigeria’s Debt Management Office (DMO), with proceeds earmarked for clean energy, sustainable agriculture, afforestation, and transport initiatives aligned with its updated Nationally Determined Contributions (NDCs) under the Paris Agreement.