The Securities and Exchange Commission (SEC) Nigeria, in collaboration with the African Development Bank (AfDB), is set to conduct a one-day capacity-building workshop on green finance for capital market operators.
Scheduled for July 23, 2024, in Lagos, the training is funded by the Capital Markets Development Trust Fund (CMDTF) administered by the AfDB and facilitated by Climate Transition Limited. The workshop aims to strengthen Nigeria’s position as Africa’s leading hub for green and sustainable finance.
SEC Director General Dr. Emomotimi Agama emphasized the importance of this initiative, stating, “The SEC is committed to fostering a sustainable financial ecosystem in Nigeria. This workshop is part of our broader strategy to integrate green finance into our capital markets and attract more sustainable investments. By enhancing the capabilities of our market operators, we are not only promoting environmental stewardship but also driving long-term economic growth.”
The Nigerian capital market has seen significant growth over the past decade, particularly in equity and bond markets. To align with global sustainability goals, the SEC introduced rules for green bond issuance in December 2018, promoting a favorable environment for green finance.
Olumide Lala, Co-Founder and Executive Director at Climate Transition Limited, highlighted the critical role of green finance in Nigeria’s transition to a sustainable economy. He noted that the workshop will equip market operators with the necessary tools to drive this change and contribute to a more resilient and sustainable economy.
“The primary objective of the workshop is to enhance the knowledge and understanding of capital market operators regarding green finance. By developing the necessary skills and competencies, it will promote collaboration and networking among stakeholders, support regulatory compliance with SEC’s rules, attract more sustainable investments, and integrate Environmental, Social, and Governance (ESG) factors into investment strategies,” Lala explained.
Additional objectives of the workshop include enhancing the reputation and credibility of capital market operators and facilitating funding for innovative, environmentally friendly projects that drive sustainable economic growth.
