Lagos State Governor, Babajide Sanwo-Olu, has signed the state\u2019s Series III Green Bond, reaffirming his administration\u2019s commitment to delivering sustainable and climate-friendly infrastructure projects across the state.<\/p>\n\n\n\n
The bond, valued at N14.815 billion at a coupon rate of 16.00%, forms part of the state\u2019s N1 trillion Debt and Hybrid Instruments Issuance Programme. At the same event, the governor also signed the Series IV Conventional Bond, raising N230 billion at 16.25%, underscoring the government\u2019s broader strategy to access long-term funding for critical developmental initiatives.<\/p>\n\n\n\n
Speaking at the signing ceremony, Sanwo-Olu described the Green Bond as a landmark achievement in Lagos\u2019 long-term sustainability agenda. He said the level of investor interest in both instruments demonstrated strong confidence in the state\u2019s governance structure, credit profile, and economic direction.<\/p>\n\n\n\n
He noted that the funds would be channeled into key infrastructure projects aimed at improving transportation, urban renewal, environmental resilience, and the overall quality of life for Lagos residents.<\/p>\n\n\n\n
\u201cOur commitment to sustainable financing is unwavering,\u201d the governor said. \u201cThis Green Bond is more than a financial instrument; it is a testament to our vision for a cleaner, more resilient and forward-looking Lagos.\u201d<\/p>\n\n\n\n
The Commissioner for Finance, Mr. Abayomi Oluyomi, also highlighted that the successful bond issuance\u2014oversubscribed by investors\u2014illustrates Lagos State\u2019s steady fiscal discipline and transparency. He added that the new funds will drive high-impact projects that align with the Lagos State Development Plan (2022\u20132052).<\/p>\n\n\n\n
With this issuance, Lagos remains the only sub-national government in Nigeria to issue a Green Bond, further solidifying its leadership in innovative financing for sustainable development.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lagos State Governor, Babajide Sanwo-Olu, has signed the state\u2019s Series III Green Bond, reaffirming his administration\u2019s commitment to delivering sustainable and climate-friendly infrastructure projects across the state. The bond, valued at N14.815 billion at a coupon rate of 16.00%, forms part of the state\u2019s N1 trillion Debt and Hybrid Instruments Issuance Programme. At the same…<\/p>\n","protected":false},"author":3,"featured_media":2867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pagelayer_contact_templates":[],"_pagelayer_content":"","sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","footnotes":""},"categories":[38],"tags":[],"class_list":["post-2866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t