By Ngozi Nwankwo
Federal Minister of Environment, Hon. Balarabe Abbas Lawal has said that his
Ministry is committed to fostering an enabling environment for sustainable development and 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.
Lawal said this at the launching of the Nigeria Exchange Group, NGX, Impact Board held in Lagos, recently.
He said the collaboration between the Ministry of Environment and the Nigeria Exchange Group is crucial in advancing these goals.
The Minister said NGX Impact Board represents a significant milestone in the nation’s journey towards integrating Environmental, Social, and Governance, ESG,criteria into the core of the financial and economic systems.
“By establishing this board, we are creating a platform that will not only attract sustainable investments but also promote transparency, accountability, and corporate responsibility,” he said.
He further stated that, “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. The NGX Impact Board provides a strategic avenue for mobilizing the necessary capital to fund green projects and support businesses that prioritize sustainable practices.”
The Minister, therefore, commended the Nigeria Exchange Group 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 urge all stakeholders to support this initiative and leverage the opportunities it presents for economic growth and environmental stewardship. While assuring the support of Government to NGX Impact Board, I would also like to use this opportunity to urge them to be relentless in their work.
“In conclusion, I extend my heartfelt congratulations to the NGX on this remarkable achievement. Let us continue to work together to build a sustainable future for our country and for generations to come. It is therefore my singular honour to lunch the Nigeria Exchange Group Impact Board,” he said.