By hannover-web.com Nume Ekeghe
Access Bank Plc has recently rolled out its Sustainable Finance Accelerator Program, a bold initiative aimed at enhancing access to credit for sustainable projects throughout Nigeria. This program is set to support corporations, micro, small, and medium enterprises (MSMEs), as well as nano businesses focused on climate mitigation, adaptation, healthcare, and a variety of social initiatives. The official launch took place during a hybrid event at Access Towers in Oniru, Lagos, which was also streamed online.
During the event, Chizoma Okoli, the Deputy Managing Director of Access Bank Plc, shared her enthusiasm for the initiative. “Given the escalating climate risks, social inequalities, and dwindling resources we are facing, the need for sustainable finance has never been more pressing,” she said. “The financial sector plays a vital role in facilitating the transition to a low-carbon, inclusive economy. At Access Bank, we have evolved our mission beyond traditional banking to embed sustainability as a core principle. We recognize that sustainable finance is not merely a trend; it is the future of our industry.”
Gregory Jobome, Executive Director of Risk Management at Access Bank Plc, highlighted the collaborative nature of the program. He underscored the bank’s commitment to providing participants with essential resources such as capacity building, funding, and professional networking opportunities. “This journey goes beyond Access Bank; it’s about coming together to co-create solutions and bolster sustainable initiatives throughout Nigeria and Africa,” Jobome stated.
Temitope Akinyemi, Special Advisor to the Minister of Finance and Coordinating Minister of the Economy on Climate Finance, offered further perspective by discussing Africa’s unique challenges. “While Africa contributes less than 3% to global climate change, the effects are felt acutely across the continent, particularly in Nigeria. Our low level of industrialization has kept emissions relatively low, yet we face significant challenges like deforestation, limited energy access, and the severe impacts of flooding.”
