FG to raise $65.5m for renewable energy

Image result for renewable energy projectsThe Nigerian government is set to raise N20bn, about $66 million next month to help fund renewable energy projects.

The Minister of Environment, Amina Mohammed says government hope to achieve this with the call being made on citizens to support its quest to issue a Green Bond.

Mohammed said the bond would be the first Sovereign Green Bond in an emerging market, adding that it is about leveraging external resources to support the renewable energy projects in the sector.

Government has since commenced the deployment of solar power home systems in villages not connected to the national electricity grid.

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