Grapevine

SEC, AfDB advocate green finance to drive eco-friendly economy

Agama stated that climate change posed a risk to humanity, citing the International Monetary Fund’s report that highlights the warmest period recorded in recent years.

“Embracing green finance will help tackle the current problem. We must also adhere to government principles that enhance our efforts against climate change,” he said.

He stressed that both the Federal Government and the Debt Management Office have led initiatives to fund afforestation and renewable energy projects, setting a precedent for sustainable development.

He urged businesses to support this transition by diverting from unsustainable practices and adopting green finance principles.

Agama highlighted the importance of involving key stakeholders in discussions that promote green finance, noting that this is a pivotal moment to align investment practices with environmental, social, and governance principles.