Mobilizing Green Finance for Nigeria’s Energy Transition: The Role of Fintech and Capital Markets
ナイジェリアのエネルギー移行のためのグリーンファイナンス動員：フィンテックと資本市場の役割 (AI 翻訳)
Kolawole Fatai Hassan. Phd, Kamal Adekunle Adewunmi. Acib
🤖 gxceed AI 要約
日本語
本論文は、ナイジェリアのエネルギー移行計画（ETP）の資金調達に向けて、フィンテックと資本市場の役割を検討する。グリーンボンドの高い需要（2025年シリーズIIIは183%の応募超過）や、フィンテックを活用した送金チャネルによる年間20億米ドルの動員可能性を示す一方、規制の断片化や為替変動などの課題を指摘する。混合研究法を用いて、官民連携の重要性を強調する。
English
This paper examines the mobilization of green finance for Nigeria's Energy Transition Plan through fintech and capital market instruments. It finds strong investor demand (Series III Green Bond oversubscribed by 183%) and potential for fintech-enabled remittances to raise $2 billion annually, while identifying regulatory fragmentation and FX volatility as key barriers. Using a mixed-methods approach, it advocates for blended finance to bridge the funding gap.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
ナイジェリアの事例は、日本の途上国向け気候資金協力や、国内のグリーンファイナンス手法（例：グリーンボンド）への示唆を含むが、直接的な日本GX文脈での関連性は低い。ただし、フィンテックと資本市場の連携という視点は、日本の金融機関や政策立案者にとっても参考になる可能性がある。
In the global GX context
This paper provides empirical evidence on green finance mobilization in a major African economy, contributing to global discussions on climate finance gaps and innovative instruments. It highlights the role of fintech and capital markets in energy transitions, relevant for practitioners and policymakers in emerging markets and development finance.
👥 読者別の含意
🔬研究者:Researchers studying climate finance in emerging economies will find the mixed-methods approach and detailed empirical findings on green bond oversubscription and fintech potential valuable.
🏢実務担当者:Practitioners in sustainability and finance can learn from Nigeria's fintech-diaspora models and blended finance approaches to mobilize capital for energy projects.
🏛政策担当者:Policymakers can note the regulatory and institutional reforms recommended to enhance fintech-capital market synergies and address FX volatility and fragmentation.
📄 Abstract（原文）
Nigeria’s Energy Transition Plan (ETP), launched in 2022 and updated in 2025, commits the country to achieving net-zero emissions by 2060, universal energy access by 2030, and a 50% renewable energy share. Delivering this roadmap requires an estimated USD 410–500 billion in investments, yet Nigeria faces a persistent annual climate finance gap of about USD 27.2 billion, with actual flows remaining significantly low relative to need. This paper critically examines the mobilization of green finance through fintech innovations and capital market instruments in Nigeria. It addresses three research questions: the performance of green finance instruments, particularly sovereign and subnational green bonds; the potential of fintech platforms including mobile money, blockchain, crowd funding, and diaspora remittances to enhance capital mobilization and transparency; and the institutional reforms required to strengthen fintech capital market synergies. Using a convergent parallel mixed methods design, the study integrates quantitative analysis of climate finance flows, green bond issuances, and remittance trends (2017–2025) with qualitative case studies of Nigeria’s Sovereign Green Bonds (Series I–III) and fintech-driven diaspora models. Findings reveal strong investor appetite, with the 2025 Series III Green Bond oversubscribed by 183% and Lagos State’s green bond by 97.7%. Fintech-enabled remittance channels could mobilize up to USD 2 billion annually. However, regulatory fragmentation, foreign exchange volatility, and limited fintech–green integration remain key constraints. The study concludes that blended approaches can bridge the financing gap while promoting financial inclusion and a just energy transition, supported by targeted regulatory and institutional reforms.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.58806/ijiissh.2026.v3i4n14first seen 2026-05-05 19:31:39
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