NSE hosts climate workshop to woo financiers on environmentally friendly projects

Armed with the goal of financing projects that will aid the development of a better environment for Nigerians and the Nigerian economy, the Nigerian Stock Exchange (NSE) has announced its decision to host the opening plenary of a Climate Finance Accelerator (CFA) workshop in Lagos on Tuesday 22nd January 2019.

The CFA is an innovative international initiative supported by the UK Government and other international donors.

Its aim is to accelerate the transformation of Nationally Determined Contributions (NDCs) into Climate Investments Plans supported by pipelines of bankable projects needed to attract investment at scale from the private sector.

According to the NSE, the Lagos workshop will bring together policy makers, project developers and financial experts across four days, starting with the opening plenary at the NSE, to collaborate on the financing of individual projects that will help deliver the Nigerian NDC.

“With the much-valued support of the Nigeria Economic Summit Group (NESG), since October 2018, CFA  have been engaging with private sector companies interested in undertaking ambitious low carbon development projects, with a view to creating a mature pipeline of bankable projects contributing to Nigeria´s NDC and strengthening the climate finance capacities of public and private sector institutions,” the NSE disclosed in a statement.

It noted that there are about thirty projects submitted in response to a call for proposal process and have a strong portfolio of twelve projects to take through the CFA workshop.

Leading thought leaders expected to speak at the event include, Kyari Bukar, former Chair of NESG; Suleiman Hassan Zarma, Honorable Minister of Environment; Laure Beaufils, deputy british high commissioner, Lagos, Chris Dodwell (Ricardo Energy & Environment), Bola Adeeko, Head, Shared Services, NSE, Olumide Lala, Climate Bonds Initiative, United Kingdom amongst others.