NGX Get Funding Opportunity For N-Zero Programme

The Nigerian Exchange Group (NGX Group), a leading African market infrastructure provider, has secured multi-billion-naira funding from DEG Impulse gGmbH, a subsidiary of the German Development Finance Institution (DEG), to launch its flagship NGX Net-Zero Programme (N-Zero).

The funding agreement was signed in Cologne, Germany, under DEG Impulse’s develoPPP programme, which supports innovative private sector initiatives with high development impact.

NGX N-Zero Programme

The N-Zero Programme aims to help Nigerian businesses strengthen climate resilience and promote low-carbon development by providing tools, frameworks, and technical guidance to set, validate, and achieve science-based emission reduction targets.

This initiative aligns with Nigeria’s commitments under the Paris Agreement and the global goal of limiting temperature rise to 1.5°C.

By partnering with global climate organizations, including Africa Foresight Group (AFG), NGX will assist companies in developing credible transition plans and carbon projects that generate verifiable carbon credits.

This will support economic resilience, encourage green investments, and contribute to Nigeria’s decarbonization efforts.

DEG Funding

The programme will run from June 2025 to April 2027, targeting a reduction or avoidance of 20,000 tons of greenhouse gas emissions. It plans to support at least 26 businesses in implementing environmental and social standards and provide access to carbon markets through credit registration and emissions offsetting.

NGX Group Chairman Alhaji (Dr.) Umaru Kwairanga described the initiative as a bold step positioning NGX at the forefront of climate leadership in Africa, emphasizing the crucial role of capital markets in delivering climate solutions.

NGX CEO Temi Popoola called the partnership a milestone in their sustainability journey, highlighting the aim to translate ambition into measurable impact and enable Nigerian corporates to benefit from emerging global carbon market opportunities.

DEG Impulse Managing Director Dr. Hubertus Pleister noted that the collaboration, supported by the German Federal Ministry of Economic Cooperation and Development (BMZ), advances sustainability and climate risk management through strategic innovation.