By Aduragbemi Omiyale
A one-day capacity-building workshop designed to upskill the knowledge of capital market operators on green finance has been fixed for Tuesday, July 23, 2024, in Lagos.
The event is organised by the Securities and Exchange Commission (SEC) Nigeria in collaboration with the African Development Bank (AfDB), with funding provided by the Capital Markets Development Trust Fund (CMDTF) of AfDB.
The idea behind the training is to fortify Nigeria’s position as Africa’s leading hub for green and sustainable finance, and part of SEC’s broader strategy to integrate green finance into our capital markets and attract more sustainable investments.
Over the past decade, the Nigerian capital market has experienced substantial growth, marked by increased activities in both equity and bond markets. In alignment with global sustainability mandates, the SEC launched rules for green bond issuance in December 2018, creating a conducive environment for green finance.
“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 Director General of SEC, Mr Emomotimi Agama, stated.
On his part, the co-founder and Executive Director at Climate Transition Limited, Mr Olumide Lala, noted that the transition to a green economy was essential for Nigeria’s sustainable development, describing green finance as a critical component of this transition.
He said that this workshop would provide market operators with the tools they need 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.
“Other objectives of the workshop are to enhance the reputation and credibility of capital market operators and facilitate funding for innovative, environmentally friendly projects driving sustainable economic growth,” Mr Lala disclosed.
