From David Onuoja, Abuja
The Federal Government has launched the Nigeria Exchange Group (NGX) Impact Board, to attract sustainable investments in the Country through the promotion of transparency, accountability, and corporate responsibility.
During the launch in Marina, Lagos, Minister for Environment, Balarabe Lawal, said it provides a strategic avenue for mobilising the necessary capital to fund green projects and support businesses that prioritize sustainable practices.
He stated: “The NGX Impact Board represents a significant milestone in the nation’s journey towards integrating Environmental, Social, and Governance (ESG) criteria into the core of our financial and economic systems.
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“Environmental sustainability is at the heart of our national agenda. Nigeria faces unique environmental challenges, including climate change, deforestation, and pollution.
“Addressing these issues requires innovative solutions and collaborative efforts from all sectors of society, including the financial sector.
“We are actively working on policies and frameworks that will support the growth of green finance and encourage investments in renewable energy, waste management, and conservation projects.
“I commend the Nigeria Exchange Group (NGX)for its leadership and vision in launching the Impact Board. This initiative aligns with global trends and positions Nigeria as a forward-thinking nation ready to embrace the principles of sustainability and responsible investment.
“I, therefore, urge all stakeholders to support this initiative and leverage the opportunities it presents for economic growth and environmental stewardship.
“The collaboration between the Ministry of Environment and the Nigeria Exchange Group is crucial in advancing these goals.”
