According to the statement, the NGX Impact Board is designed to cater to green financial products, address climate change and promote sustainable economic practices.

The ceremony, which was held at the NGX headquarters recently, featured attendees including the Minister of Environment and Co-Chair of the Green Bond Advisory Group Meeting, Balarabe Lawal, who underscored the importance of the initiative, particularly as the government prepares for a proposed Green Bond issuance aimed at furthering environmental sustainability.

The Director-General of the SEC, Emomotimi Agama, emphasized the regulatory body’s support for innovations that advance sustainability and drive responsible investment practices in Nigeria’s capital market.

“The NGX Impact Board is expected to provide a dedicated platform for issuers of green bonds and other sustainability instruments, facilitating greater investor participation in environmentally friendly projects. This move is anticipated to attract both domestic and international investors who are increasingly prioritizing ESG factors in their investment decisions,” he said.

The Group Managing Director of NGX Group, Temi Popoola, stressed that the Impact Board will enhance transparency and accountability in sustainability investments, fostering trust and confidence among investors.

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