Pension funds’ green bonds investments surge 17-fold on demand

Nigeria’s pension funds’ investments in sustainable financing through green bonds have increased by over 1,500 percent or 17- fold over five years due to rising demand. The investment by Pension Fund Administrators (PFAs) grew from N13.36 billion in August 2020 to N225.3 billion in August 2024, representing 17 times growth over the period, according to data from the National Pension Commission (PenCom). Green bonds are fixed income instruments designed to raise funds for projects that have positive environmental climate benefits. Oguch