Jibril told the News Agency of Nigeria in Abuja on Thursday on the sideline of the ministry’s preparation for the 12th National Council on Environment meeting that it would be executed through provision of solar in higher institutions.
Sukuk or Islamic Bond is a financial instrument structured to generate returns to ethical investors without infringing on the Islamic law, which forbids interest payments.
A document obtained from the Debt Management Office on Wednesday in Abuja, titled: ‘States, Federal Capital Territory and Federal Governments’ External Debt Stock as at June 30, 2018,’ also detailed other states’ external debts.
Financial and business reporters and editors of various media organisations in Abuja, were on Thursday taken through a one-day training on the activities of the fixed income and securities market.
The Debt Management Office (DMO) on Friday said the Federal Government would issue another Green Bond to finance capital projects in the 2018 budget before end of the year.
The Director-General of DMO, Patience Oniha, in a statement issued by the Office, disclosed that Nigeria has a subsisting debt management strategy.
The News Agency of Nigeria reports that the four-day retreat, which opened on Thursday in Kaduna to review the eight bills, is being chaired by the Director-General, Debt Management Office, Patience Oniha.
L-R: The Director General of the Debt Management Office, Patience Oniha (second left); Minister of Finance, Kemi Adeosun (fourth left); Executive Vice President, China Development Bank, Zhang Xuguang (middle); Minister of Power, Works and…
She said the seven-year bond at 16.47 per cent due by 2024, was packaged on behalf of the government by DMO and the Ministry of Finance.
Patience Oniha, the DMO’s Director-General, told the News Agency of Nigeria in Lagos that government had reduced its exposure in the bond market for corporate entities to raise funds.
The Green Bond is being issued following Nigeria’s endorsement of the Paris Agreement on Climate Change on September 21, 2016.
Oniha said this in Abuja on Thursday at the Nigeria Green Bond Investors Forum, organised by the Federal Ministries of Environment and Finance, in collaboration with Green Bond Advisory Group.
These were the highlights of a session the representatives of the executive arm of government had with a Senate committee on the desirability of the loan, with the government saying it would have to borrow more to complete a number of…
Patience Oniha, the DMO Director-General, made this known at the 2017 Nigerian Debt Capital Markets Conference and Awards, organised by the FMDQ OTC Securities Exchange in Lagos.