DMO starts roadshow for N10.96bn green bond

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The Debt Management Office (DMO) started a sensitization roadshow in Abuja on Thursday as part of preparations towards the issuance of the first N10.96 billion Sovereign Green Bond. The bond will be issued from Monday, December 18, 2017, Daily Trust reports.

It is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016. Speaking at the event held at the Sheraton Hotels Abuja, Director General of the Debt Management Office, Patience Oniha, said the roadshow, which was to continue in Lagos on Friday, was to sensitise prospective investors in the Green Bond.

She said the essence of the roadshow is to ensure that people or organisations who will invest in the Green Bond have some understanding of what the project is about. Oniha noted that the government will use the Green Bond proceeds to finance projects in the 2017 Appropriation Act that have been certified as green because of their positive effects on the environment.