NGX Group Secures Multi-Billion Naira Deal to Kickstart N-Zero Climate Programme in Nigeria! ♻️
The Nigerian Exchange Group (NGX Group) has taken a giant leap toward climate action! On Thursday, the Group announced a multi-billion-naira funding agreement with DEG Impulse gGmbH — a subsidiary of DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH), part of the German KfW Bankengruppe.
Location of Agreement Signing: Cologne, Germany
Funding Programme: DEG’s develoPPP initiative — supporting innovative, high-impact private sector projects
Partner for Implementation: Africa Foresight Group (AFG)
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About the Project: NGX Net-Zero Programme (N-Zero)
This flagship initiative by NGX Group is designed to help Nigerian businesses chart a credible path toward net-zero emissions. ️
What N-Zero Will Offer:
• Tools, technical guidance, and frameworks for emission reduction
• Science-based target setting and validation
• Development of credible transition plans
• Facilitation of carbon projects that yield verifiable carbon credits
This aligns directly with Nigeria’s national climate goals under the Paris Agreement and supports the global mission to limit warming to 1.5°C.
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Impact Highlights:
• ✅ Strengthens climate resilience in Nigeria’s private sector
• Encourages green investments
• Supports economic sustainability through decarbonization
• Builds partnerships with global climate stakeholders
This is a major win for Nigeria’s climate finance ecosystem and a bold step by NGX Group in championing sustainability in the capital market and beyond.
Bravo, NGX Group! The journey to a cleaner, greener Nigeria just got a powerful push!
The Nigerian Exchange Group (NGX Group) has taken a giant leap toward climate action! On Thursday, the Group announced a multi-billion-naira funding agreement with DEG Impulse gGmbH — a subsidiary of DEG (Deutsche Investitions-und Entwicklungsgesellschaft mbH), part of the German KfW Bankengruppe.
Location of Agreement Signing: Cologne, Germany
Funding Programme: DEG’s develoPPP initiative — supporting innovative, high-impact private sector projects
Partner for Implementation: Africa Foresight Group (AFG)
⸻
About the Project: NGX Net-Zero Programme (N-Zero)
This flagship initiative by NGX Group is designed to help Nigerian businesses chart a credible path toward net-zero emissions. ️
What N-Zero Will Offer:
• Tools, technical guidance, and frameworks for emission reduction
• Science-based target setting and validation
• Development of credible transition plans
• Facilitation of carbon projects that yield verifiable carbon credits
This aligns directly with Nigeria’s national climate goals under the Paris Agreement and supports the global mission to limit warming to 1.5°C.
⸻
Impact Highlights:
• ✅ Strengthens climate resilience in Nigeria’s private sector
• Encourages green investments
• Supports economic sustainability through decarbonization
• Builds partnerships with global climate stakeholders
This is a major win for Nigeria’s climate finance ecosystem and a bold step by NGX Group in championing sustainability in the capital market and beyond.
Bravo, NGX Group! The journey to a cleaner, greener Nigeria just got a powerful push!