The federal government may issue the first tranche of green bonds next month. UN Deputy Secretary-General and former Minister of Environment Amina Mohammed stated this at a UN conference in Mexico. Here is a summary of what we know about the bonds:
- The bonds may be launched in a few weeks.
- The launching was put on hold due to the budget not being passed.
- The green bonds will be the first in sub-Saharan Africa.
- The first bond is expected to raise N20 billion.
- The second tranche of the bonds may be issued in September.
A green bond is a fixed income instrument for the purpose of raising debt capital. In addition, it specifies that proceeds of the bond will be used for ‘green’ or environmentally friendly purposes. The first green bond was issued by the European Investment Bank (EIB) in 2007 and it raised $400 million. The Climate Bond Initiative in 2009 issued the green bond principles which have been adopted as a benchmark for the definition of green projects. Globally, over $31 billion worth of green bonds have been issued since 2007.
Nairametrics had written about the green bond project earlier in the year. A crash in crude oil prices, has led to a massive fall in government revenue. Government has thus had to ramp up borrowing to finance critical projects.
As in haven is what going to happen in our world,for how long various govt wanted to implement this green bond,you have only next year to do any thing on how to win the next election, sometimes knowledge is power but can you control this power or knowledge.we thank God the annual budget have been passed by the nass pending the signature of the vice-president.
However did somebody said the vice-president is jetting to Italy to meet member of g7,i wonder when Nigeria is a member of g7.who are the member of g7,those who rapes and destroy Africa by trading in black African slaves and colonization exploiting our natural resources,and they wants Nigeria to join this g7 by hand and in hip.give it time,when Africa resurrects,we will know and repays Africa,what Africa gave to humanity.
We Nigerian demands nothing f from you,we do not want any reparation,we want to be respected and given to us the honour due to us,the british people and the americans can not pay us no money in pound and dollar,for the pains and sorrows ,they caused us.just stay in your country and live your lives you wanted to live,we Africans wanted to live in peace and leave us,because one day the mouth that speaks evil,hypocricy and arrognance will eat their word,very soon