Ambode seeks more OPS involvement in fight against climate change

Lagos state Governor, Akinwunmi Ambode has called for more Organised Private Sector (OPS) collaboration on efforts aimed at reversing the negative effect of climate change in Nigeria.

The governor made the call at the launching of the Nigerian Green Bond Market Development Programme organised by FMDQ OTC Securities Exchange in partnership with Financial Sector Deepening Africa (FSD Africa) and Climate Bonds Initiative, in Lagos.

Ambode, who was represented by his Deputy, Idiat Adebule, said that the Green/Climate Bond was one of the initiatives introduced to address the problems of climate change and protect the future generation from risks associated with the incident.

According to him, the initiative is one of the world fastest economic power house in West Africa, as well as an opportunity for the country to finance developmental projects that promote healthy and sustainable environment.

He noted that the state government has been in the forefront of the campaign to make the environment healthy and sustainable through the implementation of eco-friendly policies and programmes.

Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Joseph Nnanna, explained that the green bond programme would pave the way for development of the renewable energy sector, which had huge growth prospect in Nigeria.

He said that the green bond programme if well articulated and implemented would unlock the potentials of the Nigerian renewable energy sector and put it on a sustainable growth trajectory.

He assured investors that the CBN will continue to work tirelessly to create the enabling environment for a stable financial system needed for a successful implementation of the bond programme.