The Development Bank of Nigeria (DBN) has launched the Green Declaration, a collective, high-level show of commitment to accelerating Nigeria’s energy transition through climate-smart investment, strategic partnerships, and inclusive financial action.
The signing ceremony, in Lagos, convened an assembly of stakeholders from finance, development, and government, signaling unified intent to position green finance as an economic opportunity, not a regulatory burden.
The declaration, which DBN Managing Director, Tony Okpanachi, described as “a call to action and not mere imposition of obligations,” sets the tone for Nigeria’s climate finance framework.
It encourages institutions to align financial flows with the country’s climate goals, including the Nationally Determined Contributions (NDCs) and the Paris Agreement, while mobilising capital across public and private sectors, multilateral agencies, and community actors.
“The world is currently focused on energy transition—the shift towards clean and sustainable energy sources,” Okpanachi said.
“By reducing reliance on fossil fuels and embracing renewable energy, we can address climate change, diversify energy sources, create jobs, and reduce pollution, ultimately leading to a healthier and more sustainable future,” Okpanachi added.
