President Muhammadu Buhari has said the Federal Government will launch the first African Sovereign Green Bond in December 2017, to finance renewable energy projects.
Buhari said this in Abuja on Tuesday while presenting the 2018 Budget Proposal to the National Assembly.“I am pleased to inform this distinguished assembly that the Federal Government will be launching the first African Sovereign Green Bond in December 2017.
“During the year, we engaged eight international and local companies proposing different technologies for the mandate.
“To enable us to select the best and most suitable technology for the remediation work, we asked each company to conduct Demonstration Clean-up Exercises in the four Local Government Areas of Ogoni Land.
“These demonstrations were recently concluded and the results are being studied by the Governing Council of the Ogoni Clean-up Project.’’