NGX praises Germany’s investment drive in Nigeria

NGX trading floor

NGX praises Germany’s investment drive in Nigeria.

The Nigerian Exchange Group Plc has lauded the German government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) for their unwavering commitment to advancing impact investing in Nigeria.

This is as the NGX Group looks to strengthen partnerships aimed at fostering sustainable development with a focus on climate action

The Group Managing Director of NGX, Mr Temi Popoola, gave the commendation during the DEG impact investing dialogue on Tuesday in Lagos

Popoola acknowledged the vital role DEG,a subsidiary of KfW Bank, had played in deepening sustainable finance in Nigeria and bolstering confidence in the country’s economy.

“DEG, along with its counterparts in the German private sector, has demonstrated steadfast dedication to Nigeria by maintaining their investments, and also by expanding them through local financial institutions,”he said.

According to him, the NGX Group and DEG had established a framework for data sharing and aggregation related to carbon emissions and Nigeria’s broader green transition.

Popoola said that the initiative sought to bring together corporate organisations across the country, and enhance transparency, while guiding them on sustainable transition pathways aligned with globally recognised standards.

He said: “Our joint efforts will not only increase corporate transparency, but also ensure compliance with global sustainability standards, positioning Nigeria as a leader in sustainable finance across Africa”.

(NAN)