AS part of its commitment to the transformation of the Nigerian debt capital market (DCM) into a world-class, FMDQ OTC Securities Exchange (FMDQ), in collaboration with DCM stakeholders has launched a Sustainable Finance Sub-Committee (SFS) in its Debt Capital Market Development (DCMD) Project.
This Sub-Committee which is the fifth level of the overall DCM Transformation Structure would focus on entrenching Sustainable Finance principles and concepts into the Nigerian Capital Market.
To achieve this, the Sub-Committee would examine key issues which have been globally recognised as critical elements of Sustainable Finance such as impact investing, green bonds, microfinance, credits for sustainable projects, active ownership, and financial inclusion, among others.
This Initiative stems from the growing global recognition of the role sustainability plays in strengthening financial stability and supporting economic growth.
Membership of this Sub-Committee includes local and international stakeholders drawn from relevant government agencies/ministries, regulators, development finance institutions, and the financial market.
The Sustainable Finance Initiative, a market-driven initiative spearheaded by FMDQ’s DCMD Project, involves key market stakeholders across the financial market and received the support of the Securities and Exchange Commission (SEC), Federal Ministry of Finance, Central Bank of Nigeria (CBN) and the Debt Management Office (DMO).
The Honorable Minister of Finance, Mrs Kemi Adeosun, acknowledged the efforts of FMDQ and the financial market on the development of the Sustainable Finance Strategy for Nigeria, in furtherance of the goal of delivering our economy of the future, and nominated the Director-General of the Debt Management Office (DMO), Ms Pat Oniha as the representative of the Ministry of Finance, to the Sustainable Finance Sub-Committee.
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