The Nigerian Exchange Group Plc (NGX) has commended Germany’s government and its development finance arm, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), for their consistent commitment to advancing impact investment in Nigeria. NGX highlighted the critical role of partnerships that prioritize sustainable development, particularly in the area of climate action.
Temi Popoola, Group Managing Director of NGX, expressed appreciation for DEG’s contributions during an impact investing dialogue hosted by DEG in Lagos on Tuesday. Popoola emphasized DEG’s ongoing support for Nigeria’s sustainable finance initiatives, crediting the German development finance institution, a subsidiary of KfW Bank, with enhancing confidence in Nigeria’s financial landscape through its investments.
According to Popoola, DEG and NGX have created a framework designed to facilitate data sharing and aggregation on carbon emissions, supporting Nigeria’s green transition. This framework aims to connect businesses across Nigeria, fostering greater transparency in sustainability practices and helping companies navigate transitions aligned with international environmental standards.
“Our collaborative efforts will boost transparency in corporate practices and ensure adherence to global sustainability benchmarks,” Popoola noted. He added that these efforts place Nigeria in a leading position within Africa’s sustainable finance sector, highlighting the country’s potential to drive significant environmental and economic advancements.
