Nigeria’s N50 Billion Green Bond Oversubscribed by Over 80%, Raising N91.42 Billion.
- Home
- Nigeria’s N50 Billion Green Bond Oversubscribed by Over 80%, Raising N91.42 Billion.
Nigeria’s N50 Billion Green Bond Oversubscribed by Over 80%, Raising N91.42 Billion.
Investor demand for Nigeria’s climate-focused financial instruments continues to rise, as the Federal Government’s third Sovereign Green Bond attracted N91.42 billion in subscriptions—far surpassing its initial offer of N50
billion.
The Debt Management Office (DMO), which disclosed the results on Thursday, confirmed that the bond offer closed on June 18, 2025. With a subscription rate of 183%, the offering reflects strong interest from institutional investors, asset managers, and pension funds seeking to align returns with sustainable development goals.
Out of the total subscription, N47.355 billion was allocated to successful bidders at an interest rate of 18.95% per annum. The funds will be directed toward environmentally sustainable projects outlined in the 2024 national budget. These include initiatives aligned with Nigeria’s commitments under the Paris Agreement and the country’s goal to reach net-zero emissions by 2060.
DMO Director-General, Patience Oniha, welcomed the outcome, noting it as a vote of confidence in Nigeria’s sustainable finance agenda. “The response to this green bond is a testament to growing investor trust in our climate strategy and in the broader effort to use finance as a tool for sustainable development,” she said.
This latest bond builds on Nigeria’s pioneering role as the first African country to issue a sovereign green bond. The journey began in December 2017 with a N10.69 billion issuance, followed by a second N15 billion offering in 2019—both used to support renewable energy, reforestation, and low-carbon transportation projects.
Chapel Hill Denham and Stanbic IBTC Capital served as the lead advisers and issuing houses, facilitating the structure and marketing of the bond.
Dr. Wahab Balogun, CEO of Ambosit Capital Managers, remarked on the significance of the bond’s success, especially in the current high-interest environment. “This shows a growing appetite for investments that not only yield returns but also create measurable impact,” he said, pointing to the rise of ESG-driven investing both locally and globally.
With this successful offering, the DMO continues to explore innovative financial tools to fund national development while supporting climate resilience and environmental sustainability. Stakeholders will now monitor how effectively the raised funds are used and what outcomes are achieved in terms of environmental progress.
Content & Editorial Manager – Leads the creation, review, and publication of high-quality news and media content. She ensures that all editorial work reflects the organization’s standards of accuracy, professionalism, and relevance, while also engaging and informing the audience.
As the key driver of TokinPoint Media LTD’s editorial voice, the manager oversees content planning, assigns tasks to writers or editors, enforces deadlines, and ensures consistency across all platforms. She also plays a strategic role in aligning content with audience interests and search engine optimization (SEO) best practices.
Discover more from TokinPoint
Subscribe to get the latest posts sent to your email.
- Share
Faith Kegh
Content & Editorial Manager - Leads the creation, review, and publication of high-quality news and media content. She ensures that all editorial work reflects the organization’s standards of accuracy, professionalism, and relevance, while also engaging and informing the audience.
As the key driver of TokinPoint Media LTD's editorial voice, the manager oversees content planning, assigns tasks to writers or editors, enforces deadlines, and ensures consistency across all platforms. She also plays a strategic role in aligning content with audience interests and search engine optimization (SEO) best practices.