The Securities and Trade Fee, in collaboration with the African Construction Warehouse, is bettering Nigeria’s position as Africa’s principal hub for inexperienced and sustainable finance.
That is made recognized in a observation made to be had via the fee on Sunday in Lagos.
The fee stated that it aimed to determine Nigeria as a point of interest for inexperienced and sustainable finance in Africa, aligning with world inexperienced requirements.
To this finish, the regulator stated that it will be equipping capital markets operators with the essential wisdom and abilities, to backup the advance and issuance of inexperienced bonds and alternative sustainable monetary tools.
SEC mentioned that this reinforces Nigeria’s loyalty to environmental sustainability and financial resilience.
In line with the fee, it’s going to host a capacity-building workshop for capital markets operators on Inexperienced Finance on July 23 in Lagos.
“This strategic initiative, funded via the Capital Markets Construction Believe Investmrent (CMDTF) and administered via the AfDB, is an important step in consolidating those features and making sure the Nigerian capital marketplace meets the function of turning into Africa’s inner most and maximum liquid capital marketplace.
“Over the time decade, the Nigerian capital marketplace has skilled really extensive enlargement, marked via greater actions in each fairness and bond markets.
“In alignment with global sustainability mandates, SEC launched rules for green bonds issuance in December 2018, creating a conducive environment for green finance,” the fee stated.
In line with SEC, delegates from numerous sectors of the monetary ecosystem, together with traders, issuers, regulators govt businesses and marketplace intermediaries amongst others would attend the workshop.
The fee famous that members within the workshop would achieve a number of key advantages, together with enriched discussions and studying studies from a various team of members.
It stated that it additionally contains perception into all the inexperienced finance ecosystem from regulatory frameworks to funding methods and networking alternatives.
Commenting throughout the observation, the Director Basic of SEC, Dr Emomotimi Agama, stated the regulator was once dedicated to fostering a sustainable monetary ecosystem in Nigeria.
In line with Agama, the workshop is a part of the fee’s broader approach to combine inexperienced finance into the capital markets and draw in extra sustainable investments.
He stated: “Via bettering the functions of our marketplace operators, we don’t seem to be handiest selling environmental stewardship but in addition riding long-term economic development.
“The main function of the workshop is to beef up the data and figuring out of capital marketplace operators relating to inexperienced finance.
“Via creating the essential talents and competencies, the workshop targets to: advertise collaboration and networking amongst stakeholders, and backup regulatory compliance with SEC’s laws.
“Attract more sustainable investments and Integrate Environmental, Social, and Governance (ESG) factors into investment strategies.”
He defined that alternative targets of the workshop have been to beef up the recognition and credibility of capital marketplace operators and facilitate investment for cutting edge, environmentally pleasant tasks riding sustainable economic development.
Additionally, Co-founder and Govt Director of Surrounding Transition Ltd., Mr Olumide Lala, mentioned that the transition to a inexperienced economic system was once crucial for Nigeria’s sustainable construction, and inexperienced finance as a crucial trait of the transition.
Lala stated the workshop would lend marketplace operators with the gear they had to pressure the trade and give a contribution to a extra resilient and sustainable economic system.
NAN.