By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Sterling Bank, AATIF Collaborate to Boost Sustainable Agric Enterprises
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Featured

Sterling Bank, AATIF Collaborate to Boost Sustainable Agric Enterprises

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: May 16, 2023
Share
4 Min Read
Sterling Bank
Sterling Bank
SHARE

In a move to promote environmentally friendly agriculture businesses, Sterling Bank, Nigeria’s leading financial institution, has partnered with the Africa Agriculture and Trade Investment Fund (AATIF) to provide a $15 million loan to sustainable and renewable energy-powered agricultural enterprises.

This medium-term facility from the Africa Agriculture and Trade Investment Fund strengthens the existing partnership between Sterling Bank and AATIF, which began in 2019 with the aim of supporting the bank’s agricultural activities.

Over the years, Sterling Bank and AATIF have collaborated on several projects, making commendable contributions to the Nigerian agricultural sector.

This extension of their partnership signifies a new chapter in their fruitful relationship.

- Advertisement -

Dr. Olushola Obikanye, Group Head for Agriculture and Solid Minerals Finance at Sterling Bank, emphasized that this funding would deepen Sterling Bank’s agricultural investments in the agribusiness industry, promote sustainable practices, and encourage farmers to explore environment-friendly systems.

He stated, “The funding will play a crucial role in driving the growth of the agricultural sector by supporting sustainable and renewable energy-powered enterprises.”

Highlighting the significance of the funding, Dele Faseemo, Group Head for Energy at Sterling Bank, expressed his optimism about the positive impact it would have on the agricultural sector and the Nigerian economy as a whole.

Faseemo said, “This funding will enable us to increase our support for renewable energy installations in the agricultural sector, fostering a greener and more sustainable future.”

- Advertisement -

Chair of the AATIF Board of Directors, Ms. Doris Koehn, commended Sterling Bank’s ambitions in growing its agricultural portfolio in Nigeria.

She expressed her satisfaction in renewing the partnership, stating, “We are proud to renew our partnership with the bank and are focused on further enabling its efforts to serve local smallholder farmers.”

Sterling Bank has earned a reputation as one of the key partners and lenders to the agricultural sector, with over N100 billion, equivalent to approximately 13 percent of its lending portfolio, currently financing agricultural businesses across Nigeria.

The bank’s commitment to the sector extends beyond financial support. Initiatives such as the Agriculture Summit Africa, the continent’s largest private sector-driven conference on the industry, and the Nigerian Farmers’ Radio, an educative radio program promoting good agricultural practices, have endeared the bank to primary producers, aggregators, commodity processors, and exporters.

Recognizing these efforts, Sterling Bank was recently awarded the Best Participating Bank by the Agric Credit Guarantee Scheme Fund.

Furthermore, Sterling Bank has demonstrated its commitment to renewable energy by launching Imperium, a solution designed to power homes and businesses.

The bank is also in the final stages of deploying Nigeria’s largest solar-powered solution for commercial property, transforming its Lagos Marina headquarters.

With over 3,000 photovoltaic panels installed, the 18-storey building will generate power from renewable sources.

Agriculture and Renewable Energy are two of the five core pillars of Sterling Bank’s renowned HEART strategy, with the remaining sectors being Health, Education, and Transportation.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:AATIFSterling Bank
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article L-R - David Eurin, CEO, Liquid Dataport at Cassava Technologies; Toulay Oueslati, Head of Trade Finance & Commodity Trade Finance, Bank of Africa United Kingdom; Michelle Chivunga N, Digital Trade Expert for AfCFTA and Chief Executive Officer & Founder, Global Policy House and Alex Okosi, Managing Director, YouTube EMEA, Emerging Markets, YouTube at The Africa Debate held at the Guildhall in London. YouTube’s Alex Okosi Advocates for Comprehensive Digital Trade Strategy at Africa Debate 2023
Next Article Central Bank of Nigeria (CBN) CBN Introduces SabiMoni: A Revolutionary E-Learning Platform for Financial Inclusion

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,540.00
Sell₦1,560.00
GBP
Buy₦2,148.00
Sell₦2,180.00
EUR
Buy₦1,740.00
Sell₦1,800.00

Updated: 13 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Senator Natasha Akpoti-Uduaghan
Senator Natasha Akpoti-Uduaghan Explains Delay in Senate Return Amid Legal Nuances
News
ADC Asserts Neutrality Amidst Political Realignments, Denies Bias in Presidential Race
Politics Top stories
Nigeria Union of Teachers
FCT Teachers to Resume as NUT Suspends Over Three-Month Strike
Education
Boladale Odunlami, Commercial Manager, Nestlé Nigeria; Olabisi Joseph, President, Nigeria School Sports Federation (NSSF); and Ifeanyichukwu Orabuche, Category Manager, Beverages, Nestlé Nigeria, pose with the triumphant Father O’Connell Science College team after they clinched the male championship title at the 25th MILO Basketball Championship held at the Indoor Sports Hall, National Stadium, Lagos.
25 Years of Impact as Nestlé’s MILO Basketball Championship Shapes Nigeria’s Future Champions
Sport
New Admission Benchmarks Set to Standardise Tertiary Entry Across Nigeria
Education
- Advertisement -
Ad imageAd image

You May Also Like

Dangote Refinery
Energy & Oil

Dangote Refinery Cuts Petrol Price Again to ₦820 Per Litre, Expands Distribution Network

Muhammad A. Aliyu
Muhammad A. Aliyu
July 8, 2025
David Mark
Politics

2027: ADC Has No Preferred Presidential Aspirant – David Mark

Muhammad A. Aliyu
Muhammad A. Aliyu
July 8, 2025
JAMB Registrar, Is-haq Oloyede
Education

JAMB Suspects Foul Play in 2025 UTME Top Scorer’s Result

Muhammad A. Aliyu
Muhammad A. Aliyu
July 8, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?