Nigerian Exchange Group Plc (NGX Group) has lauded the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank, for their unwavering commitment to advancing impact investing in Nigeria.

This comes as NGX Group looks to strengthen partnerships aimed at fostering sustainable development, with a focus on climate action.

Temi Popoola, Group Managing Director/CEO of NGX Group made these remarks during the DEG Impact Investing Dialogue held on Tuesday October 8.

He acknowledged the vital role that DEG has played 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, not only by maintaining their investments but also by expanding them through local financial institutions,” he said.

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Popoola also elaborated on the initiative between NGX Group and DEG to establish a framework for data sharing and aggregation related to carbon emissions and Nigeria’s broader green transition. This initiative aims to bring together corporate organisations across the country, enhancing transparency and guiding them on sustainable transition pathways that adhere to globally recognised standards.

Popoola also spoke about the collaboration between NGX Group and DEG which will berth a framework aimed at streamlining data sharing and aggregation related to carbon emissions and Nigeria’s broader green transition efforts. He added that the initiative seeks to bring together corporate organisations across the country, enhancing transparency while guiding them on sustainable transition pathways aligned with globally recognised standards.

“Our joint efforts will not only increase corporate transparency but also ensure compliance with global sustainability standards, positioning Nigeria as a leader in sustainable finance across Africa,” Popoola noted.

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By Iheanyi Nwachukwu • October 8, 2024

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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