SEC launches rules for green bond issuance

The Securities and Exchange Commission (SEC) officially launched the Green Bonds issuance rules at a ceremony on Monday.

Speaking at the launch of the rules, Ms. Mary Uduk, Ag. Director-General, SEC stated that, “As Nigeria strives to harness the resources of non-oil sectors to anchor the transition to a more resilient economy, there is the urgent need to close the country’s infrastructure gap with investments in sustainable finance initiatives.”

“The SEC’s release of the green bond rules is a significant step in furthering the complementary efforts of the government, regulators and the financial services industry to direct financial capital to more sustainable economic activity. Green bonds are special bonds issued to finance or re-finance in part or in full new and existing eligible environmental or climate projects.”

Source: The Nation

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