The Nigerian government plans to raise $186 million from green bonds in two separate issuances to fund clean energy and climate adaptation projects.

Balarabe Abbas Lawal, the Minister of Environment, confirmed the move in an interview with Bloomberg on Wednesday. The bonds will be issued in two tranches: N50 billion ($31 million) in the next two weeks and N250 billion ($155 million) in October.

“We have the European Union involved, we have the World Bank involved, we have the ministry of finance and Debt Management Office involved,” Lawal said. “I want to assure you that both issuances will be oversubscribed.”

The green bonds will help fund various environmental projects, including water security, green mass transit, and clean energy initiatives, as part of the government’s broader strategy to address climate change.

Looking to the future, Lawal also mentioned that the government plans to issue a green dollar-denominated bond in 2026, though details are still being finalized.

“This is part of our strategy for accelerating the environmental agenda,” he noted, emphasizing national reforms and international partnerships.