The Federal Government of Nigeria has launched a N50 billion Series 3 Sovereign Green Bond to finance climate-resilient and environmentally sustainable projects nationwide.
The offer opened on Monday, June 16, and will close on Wednesday, June 18, with allotment scheduled for June 20. Coordinated by the Debt Management Office (DMO), the five-year bond targets key sectors such as renewable energy, clean transportation, water resource management, and climate change adaptation.
The bond requires a minimum subscription of N10 million, with additional investments in multiples of N1 million, making it accessible to both institutional and high-net-worth individual investors seeking green investment opportunities with competitive returns.
A total of N47.355 billion from the bond proceeds will go to priority projects. This includes N15.96 billion allocated to the Federal Ministry of Environment for climate adaptation and mitigation efforts, and N15 billion to Pi-CNG for clean energy transition initiatives. The Federal Ministry of Water Resources will receive N9.32 billion for three earth dam projects, N6 billion for the Dange Earth Dam to support irrigation, and N1.075 billion to upgrade the Buruku/Gboko water supply system.
This latest issuance marks Nigeria’s third green bond, following a N15 billion raise in 2019. By March 2025, 95.44 per cent (N14.316 billion) of the previous issuance had been deployed across 23 climate-aligned projects under Nigeria’s Nationally Determined Contributions (NDCs).
The new bond issuance continues the federal government’s strategy of leveraging capital markets to finance its climate and environmental commitments while supporting national infrastructure goals.
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