By Seun Ibiyemi
The Debt Management Office (DMO) has listed the 18.95 per cent N47.335 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited, in a move aimed at expanding climate financing and deepening Nigeria’s sustainable investment market.
The disclosure was made on Wednesday through a statement issued by the DMO and shared on its official X account.
According to the agency, the Series III Sovereign Green Bond is a climate-focused debt instrument issued by the Federal Government to raise funds for environmentally sustainable projects that support Nigeria’s transition to a low-carbon and climate-resilient economy.
The DMO noted that the latest issuance represents the third Sovereign Green Bond floated on behalf of the Federal Government, underscoring its commitment to mobilising long-term capital for projects aligned with Nigeria’s climate and environmental objectives.
It stated that the initiative is also contributing to increased awareness and adoption of climate-linked financial instruments within Nigeria’s domestic capital market, while providing ethical and sustainability-focused investors with investment opportunities tailored to their preferences.
The office explained that the listing on NGX and FMDQ would improve liquidity for investors and enhance price transparency for the instrument in the secondary market.
The DMO also acknowledged the contributions of transaction advisers and market stakeholders involved in the issuance process, including Chapel Hill Denham and Stanbic IBTC Capital Limited, which served as issuing houses and bookrunners, as well as legal adviser S.P.A. Ajibade & Co.
Reaffirming its commitment to strengthening the domestic bond market, the DMO said it would continue to broaden the range of investment securities available to investors.
The latest listing comes amid intensified efforts by the Federal Government to secure alternative financing sources for climate and environmental projects.
Earlier in the year, the government announced plans to raise up to N500 billion through green bond issuances in 2026 to support climate-related infrastructure and sustainability initiatives across the country.
Investor demand for green financing instruments has remained robust.
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The Federal Government’s N50 billion green bond issued last year was oversubscribed, attracting subscriptions worth more than twice the amount offered.
Nigeria’s inaugural sovereign green bond was also fully subscribed, reflecting growing investor confidence in the country’s climate-focused debt market.
The government’s push toward sustainable financing is further supported by broader environmental reforms. Recently, President Bola Tinubu approved the implementation and operationalisation of Nigeria’s carbon market framework, a policy expected to generate at least $3 billion annually for the country by 2030.
