LAGOS SIGNS MOU ON GREEN N25B BOND TO ADDRESS CLIMATE CHANGE

Uploaded by on September 14, 2021

The Lagos State Government has signed a Memorandum of Understanding, MOU, with Nigeria Green Bond market development programme implementation groups for a Twenty five billion naira Bond.

The Bond is expected to address effects of climate change and infrastructural deficits in the State.

At the signing of the MOU at the Lagos House Marina, Governor Babajide Sanwo-olu expressed optimism that the bond will create green jobs, eradicate poverty and put Lagos on a path of prosperity.

Governor Sanwo-Olu who boasted that the State has been rated by an international agency to AAA+ for debt management, assured the implementing partners that the bond would be judiciously use for the intended purposes for the overall benefits of the over twenty two million residents.

In a remark, the Managing Director of one of the implementing partners, Mr Bola Onadele, opined that the MOU would stimulate economic growth, enhance job creation, and align with the
State’s THEMES Agenda towards transitioning it to a greener and more sustainable economy in line with the United Nations Sustainable Development
Goals.

The Special Adviser to the Governor on Sustainable Development Goal, Mrs Solape Hammond emphasized that the Green Bond Framework Development Program was a step towards creating a viable financing option for future green and sustainability projects to ensure that all residents enjoy peace and conducive environment by 2030.

Yemisi Dada


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