The Nigerian Exchange Group (NGX Group) has signed a funding agreement with DEG Impulse gGmbH, a subsidiary of the German Development Finance Institution, to implement its flagship NGX Net-Zero Programme (N-Zero).
The programme aims to support businesses in Nigeria in setting, validating, and achieving science-based emission reduction targets.
The funding agreement, worth multi-billion naira, was secured under DEG Impulse’s develoPPP programme, which supports innovative private sector initiatives with high development impact.
The N-Zero programme aligns with Nigeria’s commitment to the Paris Agreement and the global goal of limiting temperature rise to 1.5°C.
The N-Zero programme is designed to assist companies in developing credible transition plans and carbon projects that generate verifiable carbon credits, thereby supporting economic resilience, promoting green investments, and contributing to a decarbonized future.
The programme will run from June 2025 to April 2027 and is expected to reduce or avoid 20,000 tons of greenhouse gas emissions. The programme is a collaboration between NGX Group, DEG Impulse, and Africa Foresight Group (AFG).
Temi Popoola, Group Managing Director/Chief Executive Officer of NGX Group, said the partnership demonstrates strong confidence in the group’s vision to drive sustainable finance and build a climate-conscious private sector in Nigeria.
The initiative underscores NGX Group’s commitment to the United Nations Sustainable Development Goal 13 (Climate Action) and its role in advancing Nigeria’s transition to a more sustainable and inclusive economy.
Dr. Umaru Kwairanga, Group Chairman of NGX Group, said the programme represents a bold step toward positioning NGX Group at the forefront of climate leadership in Africa.
Comment here