Bank of Industry (BOI) and the French Development Agency (AFD) have signed a grant agreement for €2.5m delegated by the Green Climate Fund (GCF) which will further their partnership to fight climate change in Nigeria.
A statement by the French Embassy in Nigeria said the agreement was signed at a meeting at the French Embassy under the primary patronage of Madame Emmanuelle Blatmann, Ambassador of France to Nigeria and ECOWAS.
France has committed more than €1.5bn to the Green Climate Fund since 2019.
On August 23rd, 2022, BOI and AFD signed a €100m credit line for the expansion of green finance in Nigeria.
This was approved under AFD’s Transforming Financial Systems for Climate (TFSC) Program with the Green Climate Fund (GCF), a USD650m program developed in 17 countries for 100 percent climate investment projects.
