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

DNV GL Business Assurance Australia Pty Ltd provided a pre-issuance assurance statement for a proposed green bond issued by the Federal Government of Nigeria (FGN). The verification confirms that the bond meets the pre-issuance requirements of the Climate Bond Standard Version 2.1, specifically for solar energy and afforestation projects.

• The Federal Government of Nigeria (FGN) proposed the issuance of a green bond in Nigerian Naira with a proposed amount of N20,000 million.
• The bond's proceeds are intended to finance projects in two categories: Solar Renewable Energy and Afforestation under Land Use Change. The total eligible asset portfolio is valued at mN 23,815, consisting of the EEP & REMU solar project (mN 21,732) and the FME Afforestation Program (mN 2,083).
• DNV GL concluded that the FGN Green Bond is, in all material respects, 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.
• As part of the verification, DNV GL issued a Forward Action Request regarding the management systems for the Afforestation Project, which are pending funding via the bond and will be reviewed during post-issuance verification.

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} }