Alhassan Yakubu Adeku

Fortune Ojochetule Yusufu| Abbas Abdullahi| Usman Shaibu Abdulazeez

Abstract

Nigeria faces persistent challenges in implementing green finance, despite government initiatives such as green bonds and sustainable financing. Key obstacles include limited stakeholder awareness, inadequate institutional capacity, policy and regulatory gaps, perceived investment risks, and a shortage of viable green investment opportunities, which collectively constrain the potential of green finance to promote environmental sustainability, climate resilience, and long-term economic growth. This study examines the current state of green finance management in Nigeria, analysing key policies and initiatives, and identifies barriers hindering its effective adoption. Findings highlight the growing need for green finance to support sustainable development, while recognising persistent challenges such as restricted access, weak institutional capacity, and risk perceptions that deter investment. To address these issues, coordinated action by governments and financial institutions is essential, including the development of supportive regulatory frameworks, capacity-building initiatives, and innovative financial products. The study therefore recommends strengthening awareness and education, enhancing regulatory frameworks and policy support, improving access to green finance products, addressing financing challenges and investment risks, and fostering collaboration and partnerships, thereby enabling Nigeria to fully harness green finance for a sustainable and resilient economic future.

   

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Published: 2026

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