NGX Group, DEG launch N-Zero climate initiative in Germany
The Nigerian Exchange Group (NGX Group) has launched its ambitious Net Zero Programme (N-Zero) in collaboration with the German Investment and Development Company (DEG). DEG is a subsidiary of the German Government Investment Corporation.
The launch and signing ceremony, which took place at DEG’s headquarters in Cologne, marked a major milestone in the NGX Group’s efforts to promote sustainable finance, responsible investing, and climate action across Africa.
Dr Umaru Kwairanga, Chairman of the NGX Group in a statement on Tuesday, said the partnership symbolised a shared commitment to driving transformative change in Africa’s economic and environmental landscape.
“This collaboration with DEG represents much more than the signing of an agreement. “It symbolises our shared commitment to driving meaningful change by creating pathways for climate action, sustainable finance, and long-term economic resilience in Nigeria and across Africa,” he said.
According to him, the role of capital markets in achieving climate goals had become more crucial globally, and NGX had positioned itself as a leader in supporting Nigeria’s shift toward a green economy.
He described the NGX Net Zero Programme as a bold initiative designed to support listed companies in transitioning to net-zero emissions, while attracting global ESG-focused investments.
“We see this partnership not just as a ceremony, but as the beginning of a long-term relationship that will unlock new sustainable financing models and boost investor participation,” he said.
Kwairanga also commended DEG and other partners such as the African Foresight Group for their backing. He said their support affirmed Nigeria’s serious approach to sustainability and environmental responsibility.
He noted that the NGX Group would host and promote the N-Zero platform, onboard listed companies, and provide project management and oversight to ensure transparency and accountability.
The chairman further expressed optimism that the programme would enhance Nigeria’s appeal to international investors and elevate its leadership in sustainable finance on the continent.
“I am confident that the NGX Net Zero Programme will not only deliver measurable environmental impact but also strengthen Nigeria’s competitiveness in the global investment landscape,” he said.
The event was attended by dignitaries, sustainability advocates, and key development finance stakeholders across Europe and Africa. #NGX Group, DEG launch N-Zero climate initiative in Germany#
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