11 July 2018 ( Lagos ) : International ratings agency Moody’s has suggested that more sovereigns would turn to green bonds as a result of the need to promote sustainable policy agendas and encourage private capital into low-carbon and climate resilient infrastructure. Seven countries have issued green bonds already, led by Poland in December 2016, with $25.5 billion issued in total.
Notably, Nigeria is one of the seven following its $35 million issue in December 2017. The potential of green bonds is sizable given the global environmental challenges, and the focus of the Nigerian government in the climate and environmental health of the country is a positive step.
As investor’s understanding of the nature and importance of green bonds grow, analysts expect the market for the instrument to bloom – and they foresee Nigeria being well-placed to reap from this given its early-mover status.
Reporting for EasyKobo on Wednesday, 11 July 2018 in Lagos, Nigeria
Source: Vetiva Capital Management Limited
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