EXAMINING SUSTAINABLE FINANCE AND ITS IMPLICATIONS FOR NIGERIA’S FINANCIAL MARKETS
Keywords:
Sustainable Finance, Conventional Finance, Risk-Return trade off, financial markets, Financial InstrumentsAbstract
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
How to Cite
Issue
Section
License
Copyright (c) 2025 European Journal of Marketing and Management Sciences

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.