The Nigerian Exchange Group Plc (NGX) has praised the German government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), for their commitment to advancing impact investing in Nigeria. This recognition comes as NGX seeks to strengthen partnerships focused on sustainable development and climate action.
According to NGX Group Managing Director, Temi Popoola, DEG has played a vital role 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 expanding them through local financial institutions,” Popoola stated.
NGX and DEG have established a framework for data sharing and aggregation related to carbon emissions and Nigeria’s broader green transition. This initiative aims to bring together corporate organizations across the country, enhance transparency, and guide them on sustainable transition pathways aligned with globally recognized standards.
Popoola emphasized that their joint efforts will increase corporate transparency, ensure compliance with global sustainability standards, and position Nigeria as a leader in sustainable finance across Africa.