How to Design the Perfect Betting Site
By Aduragbemi Omiyale
The Nigerian Exchange (NGX) Limited has the capacity to deliver sustainable development and tackle climate change, said the organization’s Managing Director, Mr. Temi Popoola.
According to him, the trading platform can facilitate the effective and efficient allocation of resources for the purposes of economic growth and development, saying that the mobilizing power of stock exchanges also positions these outstanding institutions as a driving force for the change.
Speaking via a statement to celebrate World Environment Day, Mr Popoola said: “Amid the loss of life and associated economic downturn caused by the COVID-19 pandemic, the global capital market has offered respite through innovative financial solutions such as COVID-19 bonds that are actively contributing to the global economic recovery.
“During the height of the COVID-19 pandemic, we experienced high-level collaborations across the private and public sectors. More so, we have seen the birth of innovative financial instruments developed in response to the COVID-19 crisis, such as the unprecedented $3 billion impact bond raised by the African Development Bank.
He explained that “this year’s World Environment Day creates an opportunity for reflection. We need to reflect on the collective challenges we face to preserve the one place we know as home and start making decisions that put social and environmental benefits at the heart of our individual activities and business operations.
“We only have one Earth and we all have a role to play in preserving it. The COVID-19 pandemic has shown us that our activities as individuals and businesses have an immediate impact on our loved ones and on people around the world. As we continue to rebuild our lives and return business operations to normal, it is essential to rethink our growth model.
According to the CEO of NGX, “During my year on the stock exchange, I have become more convinced of the potential of stock exchanges as a force for good.”
“I strongly believe that stock exchanges have a unique opportunity to advance sustainable development and combat climate change by fostering the growth of long-term sustainable finance in new ways that reflect the characteristic times of the world in which we live today.
“In recent years, we have seen phenomenal growth in green bonds and other sustainable financial instruments designed to address the climate crisis. As Africa’s leading stock exchange, NGX helped develop Africa’s first fully certified green bond, the first N10.69 billion Federal Government Sovereign Green Bond. This is an area in which the Exchange has continued to play a leading role and will continue to do so with the support of all its stakeholders,” he added.
“As part of today’s celebration of World Environment Day 2022, we are ready to deliver on our commitment to foster long-term finance growth in Nigeria by launching a dedicated finance instruments platform. sustainable,” he said.