NGX Chairman leads launch of Net Zero Programme, boosting Africa’s green finance goals

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The Nigerian Exchange (NGX), Africa’s sustainable exchange, has officially launched its NGX Net-Zero Programme, a major initiative aimed at supporting listed companies in defining net-zero pathways and enhancing climate-related disclosures.

Alhaji (Dr.) Umaru Kwairanga, Group Chairman of NGX, led the launch during the NGX-DEG CEO Roundtable and Closing Gong Ceremony held at the NGX Building, Marina, Lagos today. The programme was designed to help companies align with global investor expectations and promote sustainable growth in Nigeria’s capital market.

“Today’s ceremony marks a concrete step towards climate action and sustainable development,” Dr. Kwairanga said. “We believe the world needs urgent action in the areas of climate change and sustainability, and the NGX Net-Zero Programme provides the roadmap for our listed companies to achieve these goals.”

Dr. Kwairanga also acknowledged the critical support of NGX’s partners, including the German Government Investment Corporation (KFW), the German Investment and Development Company (DEG), and the African Foresight Group (AFG), whose collaboration over the past few years has made the launch possible.

He further emphasized that over the coming months, many listed companies are expected to sign up for the initiative and adhere to its guidelines. “Through this programme, we are confident that the Nigerian Exchange and the broader capital market will solidify their position as Africa’s premier hub for green and sustainable finance solutions,” he added.

The launch of the NGX Net-Zero Programme is part of a broader effort to position Nigeria at the forefront of sustainable finance in Africa, while helping investors and companies transition to a low-carbon economy.