Percy Onyeka
In order to achieve the Net Zero target by 2060, the federal government has allocated N60 billion in the 2024 budget for projects that will reduce emissions.
The funds will be realized from the third issuing of the Sovereign Green Bond, according to Dr. Iziak Salako, Minister of State for the Environment.
At the Inter-Ministerial Committee on Climate Change Meeting on the Green Bond Program on Wednesday in Abuja, he gave a speech.
The minister underlined Nigeria’s 2021 promise to achieving Net-Zero by 2060.
This, he said, comes with a huge implication of the need for continuous and successful implementation of the Green Bond programme for the country’s green capital projects.
Salako said: “Following the successful issuances of N25.69bn in the maiden and second issuances, we have agreed to an incremental year-to-year issuance from 2024 to 2027 starting with a larger sized issuance of N60 billion in 2024 for the implementation of green projects that can contribute significantly to the country’s low emission target.”
Techrectory with Agency Report
