January 16, (THEWILL) — The Nigerian Exchange (NGX), in partnership with Germany’s development finance institution DEG, has convened top corporate executives and investors in a bid to unlock up to $3 billion in net-zero climate capital for Nigeria’s economy.
The initiative, driven through the NGX’s sustainability and climate finance framework, is aimed at mobilising long-term funding for projects aligned with Nigeria’s energy transition, climate resilience, and low-carbon growth objectives. It targets sectors including renewable energy, climate-smart agriculture, sustainable infrastructure, manufacturing and green industrial processes.
Speaking at the CEO roundtable, officials said the engagement was designed to bridge the gap between global climate capital and bankable Nigerian projects, noting that Nigeria requires billions of dollars annually to meet its net-zero commitments and climate adaptation goals. The roundtable brought together corporate leaders, financial institutions, development partners, and impact investors to address constraints around project preparation, risk mitigation and capital access.
DEG noted that investor appetite for climate-aligned assets is growing globally but stressed that unlocking capital at scale requires credible pipelines, strong governance structures and transparent disclosure standards. The institution said collaboration with NGX would help position Nigerian corporates to meet international sustainability and reporting benchmarks, making them more attractive to global capital providers.
The NGX said the initiative aligns with its broader strategy to deepen sustainable finance, expand green and transition capital flows, and support Nigeria’s participation in global climate markets. It added that capital mobilisation would be driven through a mix of equity, debt, blended finance and risk-sharing instruments, leveraging both private and development finance.
Market analysts say the engagement reflects increasing recognition of capital markets as a critical channel for financing climate action in emerging economies. They note that successfully mobilising even a portion of the targeted $3 billion could support job creation, industrial competitiveness and long-term economic resilience.
The NGX and DEG said further engagements and deal-structuring activities are expected in the coming months, as stakeholders work to translate commitments into investable projects and measurable capital flows.
Ogochukwu Onwaeze
