Nigeria, Egypt Central Banks strengthen ties on climate risk, stability

In a high-level engagement in Cairo on February 15, 2026, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, met with his Egyptian counterpart, Dr. Hassan Abdalla, and representatives from the International Finance Corporation (IFC).

The meeting focused on advancing the 30by30 programme, a green finance initiative aimed at integrating sustainability into the core of African banking.

Cardoso highlighted that Nigeria’s financial future is predicated on a dual commitment to macroeconomic stability and climate resilience.

He noted that climate risk is now inseparable from financial risk, affecting everything from sovereign credit assessments to national food security.

By integrating climate considerations into banking supervision and capital allocation, the CBN aims to shield the Nigerian economy from environmental shocks while attracting green investment.

The Nigerian delegation included the CBN Deputy Governor for Economic Policy, Dr. Muhammad Sani Abdullahi, who participated in a panel discussion regarding regulatory frameworks for climate risk management in emerging markets.

This collaboration marks a significant step toward a unified African financial architecture that prioritizes transparency and cross-border cooperation to ensure the continent thrives in a changing global economy.