Categories: News

Education: Nigerian Govt To Spend N10bn Green Bond

The Federal Government is to spend N10.6 billion green bond to execute its Energising Education Programme.

The Minister of State for Environment, Alhaji Ibrahim Jibril, disclosed this to the News Agency of Nigeria (NAN) in Abuja on Thursday on the sideline of the ministry’s preparation for the 12th National Council on Environment meeting that it would be executed through provision of solar in higher institutions.

The meeting is to hold between Oct. 29 and Oct. 31, in Akure, Ondo State.

According to him, the Federal Ministry of Environment is partnering the Federal Ministry of Works, Power and Housing in its Energising Education Programme to provide solar power in the nation’s higher institutions.

“We have already raised N10. 6 billion when we launched green bond last December. This money is targeted towards renewable energy.

“Therefore, we are partnering the Federal Ministry of Works, Power and Housing in its Energising Education Programme to provide solar power in the institutions of higher learning.

“This will serve as alternative means of raising fund to address climate related issues,” the minister said.

He said that the ministry issued the Green Bond as alternative source of funding because of the huge capital outlay required to finance the nation’s renewable energy projects.

Jibril expressed optimism that the bond would boost the nation’s economy and protect the environment.
The Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group launched the green bond in December, 2017.

The Director-General, Debt Management Office (DMO), Ms Patience Oniha, said the Federal Government borrowed the N10.6 billion, in line with its borrowing agenda as stated in the 2017 budget.

Recent Posts

OBSERVATION: How Not To Address JAPA Syndrome

ADEMOLA YAYA JAPA is a Yoruba word that means ‘flee’ to gaining freedom from bondage…

9 hours ago

JUMAT SERMON: Welcome, Oh Ramadan! (Part One)

By Sheikh Ibrahim Oladejo Raji RAMADAN! What is Ramadan? And what will make you know…

9 hours ago

Osun Assembly Awaits Executive Bill On Sports Development

The Chairman of the Osun State House of Assembly Committee on Youth, Sports, and Special…

9 hours ago

Stop Stigmatisation Of People With HIV, O-SACA Boss Urges Residents

Anthony Faji The Osun State Agency for the Control of HIV/AIDS (O-SACA) has appealed to…

9 hours ago

Man Posing As Woman In Kano Varsity Female Hostel Arrested

One Muhammad Munzali of Kaura Gidan Damo, Shanono Local Government Area of Kano State, has…

9 hours ago

‘Emir’ Re-Arraigned On Alleged Murder Of APC Members, Terrorism

OLALEKAN Oyeyemi, popularly called Emir, was re-arraigned on Wednesday on a 10-count charge of terrorism…

9 hours ago

This website uses cookies.