Zainab Ahmed, Nigeria's finance minister said the meeting witth the World Bank power sector team is all involving.
“We met with the World Bank Power Sector team and discussed the way forward on the proposed $1 billion PBL. We agreed to bring relevant MDAs together to ensure that we advance this operation in a timely manner.
"We will also discuss the Country Portfolio Performance of Nigeria, which currently stands at $9.8 billion, with the Nigerian Country team at the World Bank and how we could manage the portfolio for optimum results," Ahmed said.
She also spoke of plans by the Debt Management Office (DMO) to issue 15 billion Green Bond to fund agriculture, power, health and water amenities to make life better for the people, saying the Green Bond will be the second one and would be used to finance agriculture, power sector – mostly solar projects – as well as some projects in the water sector.
She pointed out that the projects for which the funds will be applied “must be green. They must be projects that are not contributing to carbon dioxide emissions to the society. The first green bond issuance was successful and all the projects that were scheduled to have been financed have been done and the projects are at various levels of completion.”
She also spoke of plans by the Debt Management Office (DMO) to issue 15 billion Green Bond to fund agriculture, power, health and water amenities to make life better for the people, saying the Green Bond will be the second one and would be used to finance agriculture, power sector – mostly solar projects – as well as some projects in the water sector.
She pointed out that the projects for which the funds will be applied “must be green. They must be projects that are not contributing to carbon dioxide emissions to the society. The first green bond issuance was successful and all the projects that were scheduled to have been financed have been done and the projects are at various levels of completion.”
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