FEDERAL GOVERNMENT OF NIGERIA CLIMATE BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT

DNV GL has provided limited assurance that the Federal Government of Nigeria's proposed N20,000 million climate bond aligns with the Climate Bond Standard Version 2.1, specifically regarding solar energy and afforestation projects. While the bond is deemed compliant in all material respects for pre-issuance, DNV GL issued a Forward Action Request concerning the management systems for the afforestation project to be reviewed during post-issuance verification.

• The Federal Government of Nigeria (FGN) proposed a climate bond issuance of N20,000 million to finance projects in solar renewable energy and afforestation land use change.
• DNV GL concluded that the FGN Green Bond is materially in accordance with the pre-issuance requirements of the Climate Bond Standard Version 2.1 and the associated Solar and draft Land Use Technical Criteria.
• A Forward Action Request was issued by DNV GL regarding the management systems for the Afforestation Project, as these systems are to be created and will await funding via the bond; these will be evaluated during post-issuance verification.
• The total eligible asset portfolio identified for the bond is valued at mN 23,815, consisting of mN 21,732 for solar PV (EEP & REMU) and mN 2,083 for the FME Afforestation Program.

APA

Climate Bonds Initiative (n.d.). FEDERAL GOVERNMENT OF NIGERIA CLIMATE BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT. https://www.climatebonds.net/files/drupal-files/files/FGN%20Climate%20Bond%20-%20DNV%20GL%20Pre%20Issuance%20Verification%20Statement.pdf

Chicago

Climate Bonds Initiative. FEDERAL GOVERNMENT OF NIGERIA CLIMATE BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT. n.d. https://www.climatebonds.net/files/drupal-files/files/FGN%20Climate%20Bond%20-%20DNV%20GL%20Pre%20Issuance%20Verification%20Statement.pdf.

Wikipedia

{{cite press release |author=Climate Bonds Initiative |title=FEDERAL GOVERNMENT OF NIGERIA CLIMATE BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT |url=https://www.climatebonds.net/files/drupal-files/files/FGN%20Climate%20Bond%20-%20DNV%20GL%20Pre%20Issuance%20Verification%20Statement.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{climatebondsinitiativendfederal, author = {{Climate Bonds Initiative}}, title = {{FEDERAL GOVERNMENT OF NIGERIA CLIMATE BOND DNV GL PRE ISSUANCE ASSURANCE STATEMENT}}, publisher = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/drupal-files/files/FGN%20Climate%20Bond%20-%20DNV%20GL%20Pre%20Issuance%20Verification%20Statement.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }