Acting President Yemi Osinbajo has expressed confidence that the Green Bonds Initiative would present investment opportunities for funding of low carbon infrastructures in Nigeria.
Professor Osinbajo was speaking at the green bonds capital market and investors forum conference in Lagos.
Meanwhile, the Nigerian National Petroleum Corporation, says it has reduced its deep offshore rig-rate from $580, 000 to $164, 000 per day.
This also represents a 71 per cent cost reduction in execution costs.
The NNPC GMD, Maikanti Baru, said the corporation also achieved a 35 per cent downward review of rig rates per day for both swamp and land operations in its portfolios.
A statement by the NNPC spokesman, Ndu Nghamadu says the various reductions serve as an incentive for investors to grow reserves, increase profitability and improve return on investment.