The Nigerian Capital Market has launched the Net Zero Programme (NGX N-ZERO) and signed an agreement with the German Investment and Development Company, DEG.
The German Investment and Development Company is a Subsidiary of the German Government Investment Corporation headquartered in Cologne, Germany.
Speaking at the event in Cologne, Germany, the Chairman of the NGX Group, Dr Umaru Kwairanga said the collaboration symbolizes shared commitment to driving meaningful change, by creating pathways for climate action, sustainable finance, and long-term economic resilience in Nigeria and across Africa.
Kwairanga said that with the intensified global conversation around climate action and sustainability, the role of capital markets in facilitating this transition was becoming increasingly pivotal.
He said, “At NGX Group, we have consistently sought ways to lead from the front, championing initiatives that not only deliver commercial value but also create long-term positive impact on society and the environment.
“The NGX Net Zero Programme (N-Zero) is a bold step in that direction. This initiative speaks directly to our commitment to driving responsible investing, supporting listed companies in their transition to net-zero emissions, and positioning the Nigerian capital market as a hub for green and sustainable finance solutions.”
The NGX boss also appreciated the support and confidence that DEG has shown in this vision, stating that their backing sends a strong signal to the broader development finance community that Nigeria is serious about climate action and sustainability.
“Beyond today’s signing ceremony, we see this partnership as the beginning of a long-term relationship, one that will unlock new pathways for sustainable financing models, investor participation, and economic resilience. It is also a powerful platform for NGX Group to demonstrate leadership, attract global ESG capital flows, and set new standards for the African market.
“We are part of this Initiative because we recognise the impact that climate change could have on humanity and the need to take appropriate actions to mitigate and reverse such impact. With the assistance of partners such as DEG and the African Foresight Group, I believe we will be able to do effective and impactful work in that direction.”Kwairanga expressed his confidence in the NGX Group’s Net Zero Programme stating that it will not only deliver measurable environmental impact but will also strengthen Nigeria’s competitiveness in the global investment landscape.
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