A Bill for an Act to Provide for Sustainable Finance in Banks and Other Financial Institutions in Nigeria and for Related Matters

Abstract

This Bill seeks to provide for sustainable finance in banks and other financial institutions in Nigeria. The purpose is to align the financial sector with national and global commitments on environmental sustainability, climate resilience, and responsible investment. It aims to promote green finance, encourage the adoption of environmental, social and governance (ESG) standards, strengthen risk management frameworks, and ensure long-term stability of Nigeria's financial system. This Bill further provides a legal framework to enable banks and financial institutions to channel capital towards projects that foster sustainable economic growth, low-carbon development, and inclusive prosperity.