are intended for broad use by the market: they provide the FMEnv a means to ensure resources raised are channeled towards activities that compliment the NDCs; they provide issuers with guidance on the key components involved in launching a credible Green Bond; they aid investors by promoting availability of information necessary to evaluate the environmental impact of their Green Bond investments; and they assist underwriters by moving the market towards expected disclosures which will facilitate transactions. The GBG recommend a clear process and disclosure for issuers, which investors, banks, investment banks, underwriters, placement agents and others may use to understand the characteristics of any given Green Bond. The GBG emphasize the required transparency, accuracy and integrity of information that will be disclosed and reported by issuers to stakeholders. The GBG has four components: Use of Proceeds; Project Eligibility; Management of Proceeds; Reporting vi. Nigeria Erosion and Watershed Management Project (NEWMAP) The effort to mitigate the adverse effects of soil and land degradation in targeted watershed for environmental sustainability in the country envisioned and created the Nigeria Erosion and Watershed Management project (NEWMAP). The World Bank agreed to finance the Project with a credit of $500 million. This credit was approved in addition to fully blended grants of $3.96 million from the Global environment Facility (GEF) and $4.63 million from the Special Climate Change Fund (SCCF) by the World Bank Board on May 8, 2012. The project being a state-led intervention commenced initially with seven states in the south east and South South of Abia, Anambra, Cross River, Ebonyi, Edo, Enugu and Imo. Currently, civil works/land reclamation activities have started in 21 gully erosion sites across the even participating states while compensation has been paid to Project Affected persons (PAPs) directly affected by the ongoing construction works. The bioremediation/vegetation component of the project which would complement the engineering work and help regenerate the soil has commenced in 15 of the 21 gully sites at 65% - 70% completion. vii. Clean Energy Initiatives The Renewable Energy Programme was initiated by the Federal Ministry of Environment in fulfilment of the Federal Republic of Nigeria's obligation to the United Nations Framework Convention on Climate Change (UNFCCC) and as part of African strategy on voluntary emission reduction. The main thrust of the Programme is to ensure all sector of the economy make a switch to cleaner sources of energy. So as we work towards achieving objectives of the Vision 20:2020 , we do so sustainably with minimal ecological footprint. Nigeria has a commitment under the UNFCCC accord to make voluntary "non-binding" efforts to reduce atmospheric concentrations of greenhouse gases to mitigate the effects of climate change.In order to effectively administer this ratified instrument, the government has put in place certain structures and one of it is the Renewable Energy Programme. The main trust of the Renewable Energy Programme is to; 1. Fulfil Nigeria's obligation to the United Nations Framework Convention on Climate Change (UNFCCC) 137