The Nigerian Exchange Group (NGX Group) has entered a partnership with DEG Impulse gGmbH to roll out the Net-Zero Programme (N-Zero), an initiative aimed at enhancing climate resilience and promoting low-carbon development across Nigeria's private sector.
The collaboration, established in Cologne, Germany, marks a significant advancement in NGX Group’s sustainability efforts.
Secured under the develoPPP program, the multi-billion-naira funding supports innovative projects with substantial developmental impact.
N-Zero aligns with Nigeria’s commitment to the Paris Agreement, aiming to limit global temperature rise to 1.5°C by equipping businesses with the necessary tools and frameworks for achieving science-based emission reduction targets.
Temi Popoola, the Group Managing Director/CEO of NGX Group, highlighted the partnership as a major milestone in sustainable finance and climate action across Africa.
"Through N-Zero, we aim to translate ambition into measurable impact by reducing emissions and positioning Nigerian corporates to benefit from emerging opportunities in the global carbon market," he said.
Alhaji (Dr.) Umaru Kwairanga, the Group Chairman, emphasized the initiative's role in positioning NGX Group at the forefront of climate leadership in Africa.
"It is our firm belief that capital markets must play a central role in delivering climate solutions, and this partnership is a model for what is possible when global institutions collaborate with local expertise," Alhaji Kwairanga said, following the partnership deal.
Set to run from June 2025 to April 2027, the N-Zero Programme aims to reduce or avoid 20,000 tons of greenhouse gas emissions and support at least 26 businesses in implementing environmental standards and accessing carbon markets.
It will bring together global climate partners, including the Africa Foresight Group, to aid companies in developing credible transition plans and carbon projects.
These efforts are designed to generate verifiable carbon credits, supporting economic resilience and promoting green investments.
