The Role of the Central Bank in Greening the Nigerian Financial System

Abstract

The chapter explores the role of the central bank of Nigeria in greening the financial system. The author explores the ways in which the central bank can green the financial system. Some of the offered suggestions include disclosure requirements, establishing green finance labs, creating a green bank, and the use of differentiated cash reserve requirement based on environmental impact. The insights offered in this chapter are useful to bank supervisors and the monetary authority in understanding how financial and monetary decisions affect the environment.