The Federal Government has announced plans to raise N500 billion through the issuance of green bonds in 2026 to fund climate-related and environmental projects.
Minister of Environment, Balarabe Lawal, revealed the plan on his verified X account following Nigeria’s participation at the Abu Dhabi Sustainability Week (ADSW) 2026. He said the initiative demonstrates the government’s commitment to diversifying financing options for development, reducing dependence on oil revenues and conventional borrowing.
Proceeds from the green bond will be directed to projects targeting climate change mitigation and adaptation, environmental protection, renewable energy, sustainable agriculture, and other green initiatives aligned with Nigeria’s climate goals.
The planned issuance reflects Nigeria’s growing use of climate-linked debt instruments to mobilize long-term capital for sustainable development while attracting environmentally conscious investors. Lawal noted that green bonds have previously funded eco-friendly projects and remain central to Nigeria’s strategy for meeting international climate commitments and transitioning to a low-carbon economy.
The government believes scaling up green bond financing will not only strengthen environmental resilience but also promote inclusive growth and support sustainable economic diversification.
