Popoola Calls for Collaboration to Boost Sustainable Capital

Temi Popoola, the Group Managing Director and Chief Executive Officer of the Nigerian Exchange Group, advocated for ongoing collaboration among regulatory bodies, exchanges, and international partners to effectively channel sustainable capital flow across emerging markets. Speaking at the International Finance Corporation conference in Cairo during a panel session themed "Capital Mobilization for Sustainable Transition," Popoola provided insights into the evolving landscape of developing economies.

He acknowledged the challenges faced by emerging markets, including the need for developed ESG data, reporting, infrastructure policies, and funding costs. He noted the growing global investor appetite for sustainable assets and the importance of enhancing regulatory standards in emerging markets.

Popoola highlighted the significant opportunities that could contribute to future sustainable capital flow and called for the construction of robust disclosure standards and policies that create synergy across the capital market ecosystem. He referenced Nigeria's experience with its green sustainable bond market, which began with Africa's first certified sovereign green bond in 2017, reflecting growing investor confidence.