Harboursandport.,com: Lagos, Nigeria - September 30, 2025: In a bid to unlock funding for Nigeria’s maritime sector, the Nigerian Exchange Limited (NGX) has announced plans to issue a Blue Bond in collaboration with the Ministry of Marine and Blue Economy.
The initiative aims to attract both domestic and international investors to support sustainable development across the country’s marine economy.
Speaking during the quarterly citizens and stakeholders’ engagement hosted by the Ministry in Lagos, NGX Chief Executive Officer, Jude Chiemeka, revealed that the Blue Bond will be issued through the Ministry of Finance on behalf of the Marine and Blue Economy Ministry.
Proceeds from the bond will be channeled into critical maritime activities including infrastructure development, ocean energy, aquaculture, and maritime security.
“We recognize that government budgetary allocations may not be sufficient. Blue Bonds offer a sustainable financing option that aligns with global Environmental, Social, and Governance (ESG) standards,” Chiemeka stated.
He noted that Nigeria’s Pension Fund Administrators (PFAs), who manage over N25 trillion, could play a pivotal role in the success of the bond issuance.
Even a modest allocation of 5 per cent from these funds could significantly boost the initiative.
Chiemeka expressed confidence in the market’s appetite for ESG-aligned instruments, citing the oversubscription of previous Green Bonds issued by both the private sector and the federal government.
“We are optimistic that the Blue Bond will receive similar investor enthusiasm and help drive transformative change in Nigeria’s maritime sector,” he added.
The move signals a growing commitment to sustainable financing and positions the capital market as a key driver in the development of Nigeria’s Blue Economy.
No comments:
Post a Comment