The Nigerian Exchange Group Plc (NGX Group) has praised the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), for their steadfast commitment to promoting impact investing in Nigeria. The NGX Group aims to strengthen partnerships that foster sustainable development with an emphasis on climate action.
Temi Popoola, the group managing director of NGX, expressed this appreciation during the DEG impact investing dialogue held in Lagos on Tuesday.
Popoola highlighted DEG’s significant contributions to enhancing sustainable finance in Nigeria and boosting confidence in the nation’s economy. “DEG, along with its partners in the German private sector, has shown unwavering commitment to Nigeria by maintaining and expanding their investments through local financial institutions,” he stated.
He also mentioned that the NGX Group and DEG had created a framework for sharing and aggregating data related to carbon emissions and Nigeria’s broader green transition.
Popoola noted that this initiative aims to unite corporate organizations across the country, promoting transparency and guiding them toward sustainable transition pathways that meet globally recognized standards. He concluded, “Our collaborative efforts will not only enhance corporate transparency but also ensure compliance with international sustainability standards, positioning Nigeria as a leader in sustainable finance in Africa.”
