CBN Seeks Bold ESG Reforms to Unlock Africa’s Sustainable Growth

The Central Bank of Nigeria (CBN) is advocating for robust Environmental, Social, and Governance (ESG) reforms, highlighting sustainable finance as crucial for Africa’s economic advancement. Deputy Governor Philip Ikeazor stressed the urgency at a Lagos conference, noting Africa’s severe climate crisis and the immediate threats posed by climate-related risks. He emphasized that integrating sustainable finance principles is key to unlocking the continent’s potential and addressing financing gaps.

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