By Omoniyi David
Nigeria’s push toward sustainable finance received a major lift as FMDQ Group PLC, FC4S Lagos, FSD Africa and Chapel Hill Denham formalised a partnership with Kaltani International Ventures Limited to develop the country’s first corporate plastic- and carbon-linked financing instrument.
The agreement, signed on November 24 in Lagos under the Nigerian Green Bond Market Development Programme, aims to expand access to sustainable financing for Kaltani, a leading plastic-recycling company.
The initiative comes as Nigeria ranks among the world’s top 10 plastic-waste producers.
The financing product, developed by FC4S Lagos with support from FSD Africa and FMDQ is expected to strengthen circular-economy value chains and attract private capital for large-scale environmental projects.
FSD Africa’s Joy Kendi said the collaboration marks a bold step in unlocking Africa’s next generation of climate-finance solutions, noting that Phase I work, including carbon-credit assessments, has begun.
Kaltani CEO Obi Charles Nnanna described the partnership as a model for “turning waste into wealth, jobs and measurable climate impact,” adding that it proves climate finance can be both local and transformational.
FMDQ’s COO, Tumi Sekoni, said the initiative boosts Nigeria’s readiness for sustainability-linked instruments and aligns with the goals of the FMDQ Green Exchange.
The partnership is seen as a landmark move positioning Nigeria as a rising hub for climate-finance innovation in Africa.
