In a recent discussion, Kayode Tokede from the Nigerian Exchange Group Plc expressed gratitude towards the German Government and its development finance institution, the Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank, for their steadfast commitment to promoting impact investing in Nigeria. As NGX Group aims to strengthen partnerships that foster sustainable development with a focus on climate action, the significance of DEG’s contributions is highlighted.
During the DEG Impact Investing Dialogue held yesterday, Mr. Temi Popoola, the Group Managing Director and CEO of NGX Group, emphasized DEG’s influence on sustainable finance in Nigeria and its role in enhancing confidence in the national economy. “DEG, along with its partners in the German private sector, has demonstrated unwavering dedication to Nigeria. They haven’t just kept their investments intact; they’ve also expanded them through local financial institutions,” he remarked.
Popoola also elaborated on a collaborative initiative between NGX Group and DEG designed to create a framework for sharing and aggregating data related to carbon emissions and Nigeria’s broader green transition. This initiative aims to bring together corporate organizations across the country, improving transparency and guiding them towards sustainable practices that align with globally accepted standards.
He underscored that this partnership will facilitate efficient collection and sharing of carbon emissions data while bolstering Nigeria’s overall green initiatives. “Our collaborative efforts will not only enhance corporate transparency but also ensure adherence to global sustainability standards, ultimately positioning Nigeria as a leader in sustainable finance across Africa,” Popoola asserted.
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