The Federal Government of Nigeria through the Minister of State for Environment, Her Excellency, Chief Sharon Ikeazor, says it will continue to collaborate with Nigerian Exchange Limited (NGX) to build a framework that will help issuers navigate climate disclosure and ultimately improve the climate data available to the investment and finance community.
The Minister of State for Environment, stated this during the Digital Closing Gong Ceremony hosted by NGX to mark the end of trading for the year 2021 on Friday, December 31, 2021.
Ikeazor noted that NGX has played an exemplary role in Nigeria’s commitment to mitigating the effects of climate change. She added that climate change is a serious and long-term threat to which “Nigeria has continued to show commitment to the goals of the Paris Agreement on Climate Change with our revision of the Nationally Determined Contributions (NDCs) pre-COP 26 and also the recent assent of the Climate Change Bill by Mr President which provides for, amongst other things, the mainstreaming of climate change activities in the country and the establishment of Council on Climate Change to be chaired Mr President”.
With the steps taken immediately after COP26, Nigeria has further demonstrated its commitment towards the Paris Agreement on Climate Change. As part of measures to comply with the National Determined Contributions (NDC) in emissions reduction to climate change in Nigeria, the Federal Government launched the Nigeria Deep Decarbonization Project”, she explained.
The Minister further added that investors are increasingly working together in response to climate change and added that the Federal Government will continue to engage NGX on climate disclosure and data. “I hope there would be a continuous collaboration between Nigerian Exchange Limited and the Federal Ministry of Environment to build a framework that will help issuers navigate climate disclosure, associated engagement with their stakeholders, and ultimately improve the climate data available to the investment and finance community. Partnership with NGX will provide investors with important new tools to enable capital reallocation”, the Minister said.