Kayode Tokede

In a recent interview, Temi Popoola, Group Managing Director and CEO of the Nigerian Exchange Group Plc (NGX Group), expressed appreciation for the German Government and its development finance institution, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), a subsidiary of KfW Bank. He highlighted their consistent support for impact investing in Nigeria, particularly as NGX Group seeks to strengthen partnerships aimed at promoting sustainable development with an emphasis on climate action.

Popoola acknowledged DEG’s significant contribution to enhancing sustainable finance in Nigeria and building confidence in the nation’s economy. “DEG, along with its counterparts in the German private sector, has shown unwavering commitment to Nigeria. They have not only maintained their investments but have also expanded them through local financial institutions,” he remarked during the DEG Impact Investing Dialogue held yesterday.

Additionally, Popoola discussed an exciting initiative between NGX Group and DEG aimed at creating a framework for data sharing and aggregation concerning carbon emissions and Nigeria’s broader transition to green energy. This initiative plans to unite corporate organizations across the country, enhancing transparency and providing guidance on sustainable transition pathways that align with globally recognized standards.

He elaborated, “Our collaboration with DEG is designed to streamline how we handle data on carbon emissions and support Nigeria’s green transition efforts. By fostering transparency among corporations, we can help ensure compliance with international sustainability standards.” Popoola concluded that these joint efforts will position Nigeria as a leader in sustainable finance across Africa.