The government of Nigeria’s Gombe state has issued a green bond to raise investment for its agricultural sector.

According to Africa Business Communities, the state is aiming to raise an initial NGN30 million, but is also considering dividing the green bond into tranches.

‘With the support we saw and the acceptance of the Nigerian capital market stakeholders, we are going to hit our target,’ said Gombe executive governor Muhammad Yahaya.

The initiative is part of the state’s bigger plan to promote sustainable development in the region.

Within its agricultural industry, the tomato and livestock farming sub-sectors have been highlighted as investment opportunities.

20 February 2024
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