The Securities and Exchange Commission (SEC) Nigeria, in partnership with African Development Bank (AfDB), is set to train capital market operators on green finance through a one-day capacity building workshop. Scheduled for July 23, 2024 in Lagos, the training is funded by the Capital Markets Development Trust Fund (CMDTF) administered by the AfDB and , aims to fortify Nigeria’s position as Africa’s leading hub for green and sustainable finance. It is being facilitated by Climate Transition Limited.
According to Director General of the SEC, Dr. Emomotimi Agama, “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.”
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 bonds issuance in December 2018, creating a conducive environment for green finance.
The Co-Founder and Executive Director at Climate Transition Limited, Olumide Lala emphasized that the transition to a green economy is essential for Nigeria’s sustainable development, and green finance is a critical component of this transition. He stated that this workshop will 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.”
