Nigeria Exchange Group (NGX Group), in collaboration with German development finance institution DEG and Africa Foresight Group, convened a CEO Roundtable to accelerate corporate climate action and give Nigerian companies access to climate-related capital estimated at $2.5 billion to $3 billion.
The NGX-DEG CEO Roundtable brought together corporate leaders, development finance institutions, and market participants to advance the NGX Net Zero Program (N-Zero), a market-driven initiative aimed at enhancing the long-term investability and competitiveness of public companies.
NGX Group Chairman Umaru Kwairanga said capital markets must lead Africa’s climate response.
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“Capital markets must be at the heart of climate leadership in Africa. The NGX Net Zero Program enables companies to move from climate ambition to measurable action,” he said.
Setting out the rationale for the investment, Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group, said climate risk is now a key consideration in valuation and capital allocation.
He said: “The world’s capital is becoming increasingly conditional, and climate risk has a direct impact on capital costs and valuations. Companies that embed sustainability into their strategy and governance are well-positioned to attract long-term capital.”
Monica Beck, Member of DEG’s Management Board, said: “At DEG, our corporate strategy is centered on mobilizing private capital to accelerate climate action while delivering tangible development impact and sustainable returns. Partnerships like this allow us to scale impactful and commercially viable solutions.”
During an interactive session, Bolaji Balogun, CEO of Chapel Hill Denham, said executions remain a key issue. “For climate change reporting to translate into real investor value, access to capital, technical expertise and a trusted framework is essential,” he said.
Transcorp Plc President and Group CEO, Owen Omogiafo, emphasized the need for practical solutions. “Africa’s climate change agenda must be realistic and comprehensive, balancing sustainability goals with economic growth and social impacts,” he said.
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The event, which culminated with a closing gong ceremony, follows a multi-million naira co-financing partnership between NGX Group and DEG Impulse gGmbH under Germany’s developPPP program to deliver subsidized net-zero transition planning, technology capacity building and a globally recognized framework for listed companies.
