EXAMINING SUSTAINABLE FINANCE AND ITS IMPLICATIONS FOR NIGERIA’S FINANCIAL MARKETS

Authors

  • Felicia A Anyanwu Department of Banking and Finance Faculty of Management Sciences Nnamdi Azikiwe University, Awka
  • Chinyeaka Justine Igbokwe-Ibeto Department of Banking and Finance Faculty of Management Sciences Nnamdi Azikiwe University, Awka

Keywords:

Sustainable Finance, Conventional Finance, Risk-Return trade off, financial markets, Financial Instruments

Abstract

Sustainable economy is that economy that gives opportunity of decent living for the current and future generation. To achieve a sustainable economy and environment the concept of sustainable development goals (SDGs) was conceived. The objectives of this paper are to access the transition roadmap of Nigeria from conventional finance to sustainable finance, ascertain the opportunities and challenges in the Nigerian economy as we seek to transit to a sustainable economy and to examine the implications therein for Nigeria’s financial Market. The study discovered that to succeed in the drive to transition from traditional finance-thoughts of risk-return trade-off to sustainable finance. Nigeria’s financial markets need to show more commitment and develop financial instruments that will push and sustain the transition

References

Central Bank of Nigeria. (2012). Implementation of the Nigerian Sustainable Banking Principles (NSBP) by the Bank. http://www.cenbank.org

Deutsche Bank Group. (2020). Sustainable finance framework. http://www.dbresearch.com

Di Francesco, E. (2022). Achieving the full potential of sustainable finance: The role of national, European and international initiatives. Discussion Paper, Sustainable Prosperity for Europe Programme.

International Finance Corporation. (2018). Country progress report, Nigeria: Sustainable Banking Network (SBN). http://www.ifv.org

International Organization of Securities Commissions. (2020). Sustainable finance and the role of securities regulators and IOSCO: Final report.

Levine, R. (1997). Financial development and economic growth: Views and agenda. https://d1wqtxts1xzle7.cloudfront.net/30461762/financial_development_and_economic_growth-with-coverpage-v2.pdf

Nicholls, A. (2021). Sustainable finance: A primer and recent developments. Background paper prepared for Asian Development Outlook.

Phiri, V. (2021). Sustainable finance. https://www.researchgate.net

Schoenmaker, D., & Schramade, W. (2019). A framework for sustainable finance. https://www.researchgate.net/publication/330359025

Securities and Exchange Commission. (2021). Guidelines on sustainable financial principles for the Nigerian capital market.

Toronto Centre. (2019). Sustainable finance and investing with impact: Implications for emerging market finance.

United Nations. (2018). Nigeria sustainable finance roadmap: Design of a sustainable financial system. http://www.unepinquiry.org

United Nations. (2021). Financing for sustainable development report 2021: Report of the Inter-Agency Task Force on Financing for Development.

United Nations Development Programme. (2009). Environmental finance services. http://dx.doi.org/10.1787/262477124883

United Nations Development Programme. (2022). Nigeria green tagging banking review. http://www.unepinquiry.org

UN Environment Inquiry. (2018). 2018 sustainable finance progress report: An input paper to the G20. www.unepinquiry.org

Volz, U., Böhnke, J., Eidt, V., Knierim, L., Richert, K., & Roeber, G.-M. (2015). Financing the green transformation – How to make green finance work in Indonesia. Palgrave Macmillan.

Volz, U. (2018). Fostering green finance for sustainable development in Asia (ADBI Working Paper Series). Asian Development Bank Institute.

World Bank. (2015). A plea for action against pollution in Nigeria. http://www.worldbank.org/en/news/feature/2015/06/16/in-lagos-nigeria-a-plea-for-action-against-pollution

World Bank. (2016). Saving West Africa’s coastal assets. http://www.worldbank.org/en/news/infographic/2016/09/01/saving-west-africas-coastal-assets

World Health Organization (WHO). (2016). Global ambient urban air pollution database (updated 2016). http://www.who.int/phe/health_topics/outdoorair/databases/cities/en

World Investment Report. (2021). Capital markets and sustainable finance: Investing in sustainable recovery (pp. 206–237)

Downloads

Published

2025-04-10

How to Cite

Anyanwu, F. A., & bokwe-Ibeto, C. J. (2025). EXAMINING SUSTAINABLE FINANCE AND ITS IMPLICATIONS FOR NIGERIA’S FINANCIAL MARKETS. European Journal of Marketing and Management Sciences, 8(2), 30–41. Retrieved from https://aspjournals.org/Journals/index.php/ejmms/article/view/1079

Similar Articles

1 2 3 > >> 

You may also start an advanced similarity search for this article.