By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ng
  • News
    • Politics
    NewsShow More
    Raymond Dokpesi
    Tinubu Mourns Death of Media Mogul Raymond Dokpesi
    May 29, 2023
    President, Christian Association of Nigeria, Daniel Okoh
    Tinubu’s Inauguration Marks a New Chapter for Nigeria, says CAN
    May 29, 2023
    US President Joe Biden Extends Hand of Collaboration to Nigerian President Bola Tinubu
    May 29, 2023
    Raymond Dokpesi
    Raymond Dokpesi, Media Mogul and PDP Chieftain, Dies at 71
    May 29, 2023
    Asiwaju Bola Tinubu
    Tinubu Declares End of Petrol Subsidy Era
    May 29, 2023
  • Entertainment
    EntertainmentShow More
    Inauguration: Twitter Disables Osinbajo’s Verification Badge
    May 29, 2023
    Emir of Kano, Ado Bayero Booed at Inauguration Ground
    May 29, 2023
    Nollywood actress Juliana Olayode Issues Public Apology to Funke Akindele
    May 27, 2023
    Why I Rejected Offer to Perfom at Tinubu’s Concert — Portable
    May 26, 2023
    Tina Turner
    Rock Legend Tina Turner Passes Away at 83
    May 24, 2023
  • Business & Economy
    Business & EconomyShow More
    L-R: Non-Executive Director, NASCON Allied Industries Plc, Knut Ulvmoen; Executive Director Commercial, NASCON Allied Industries Plc, Fatima Aliko-Dangote; Non-Executive Director, NASCON Allied Industries Plc, Olakunle Alake; Independent Non-Executive Director, NASCON Allied Industries Plc; Prof. Chris Ogbechie; Chairperson, NASCON Allied Industries Plc, 'Yemisi Ayeni; Acting Managing Director, NASCON Allied Industries Plc, Thabo Mabe; Non-Executive Director, NASCON Allied Industries Plc, Abdu Dantata; Non-Executive Director, NASCON Allied Industries Plc, Fatima Wali-Abdurrahman; and Non-Executive Director, NASCON Allied Industries Plc, Sada Ladan-Baki, at the 2022 Annual General Meeting (AGM) of NASCON Allied Industries Plc, in Lagos on Friday, May 26, 2023.
    NASCON Allied Industries Plc Reports Stellar Growth, Surging Profit After Tax by 84% in 2022
    May 28, 2023
    Fidelity Bank Plc Receives Commendation from Shareholders for Outstanding Performance in FY 2022
    May 24, 2023
    Central Bank of Nigeria (CBN)
    CBN Raises Monetary Policy Rate to 18.5%: Tackling Inflation and Food Price Surge
    May 24, 2023
    Gbenga Oyebode
    Nestlé Nigeria PLC Appoints Gbenga Oyebode as New Chairman of the Board
    May 23, 2023
    Transcorp Hotels Plc Receives Outstanding Employer of the Year 2022 Award from Trade Union Congress of Nigeria
    May 17, 2023
  • Sport
    SportShow More
    Chelsea Appoint Mauricio Pochettino as New Manager
    May 29, 2023
    Leeds and Leicester Relegated to Championship on EPL Final Day
    May 28, 2023
    Everton Beat Bournemouth 1-0 to Escape Relegation
    May 28, 2023
    Mauricio Pochettino Agrees to Take Over as Chelsea Manager
    May 28, 2023
    Luton Town Promoted to the Premier League for the First Time Ever
    May 27, 2023
  • Tech
    TechShow More
    NITDA, CISCO Collaborate to Bridge Nigeria’s Digital Skills Gap
    May 21, 2023
    FG Launches Blockchain Technology Policy, Sets Up National Implementation Committee
    May 17, 2023
    NITDA Launches 4th Edition of Service Charter, iServe Emblem to Enhance Service Delivery
    May 13, 2023
    Elon Musk Announces Linda Yaccarino as CEO of Twitter
    May 12, 2023
    NCC
    NCC clarifies spending report, denies incurring N17bn deficit
    April 25, 2023
Reading: Sterling Bank, AATIF Collaborate to Boost Sustainable Agric Enterprises
Share
Aa
Okay.ngOkay.ng
Aa
  • 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
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to 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.”

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.

TAGGED: AATIF, Sterling Bank
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email Copy Link Print
What do you think?
Happy0
Love0
Sad0
Angry0
Joy0
Surprise0

Connect with Okay on Social

Facebook Like
Twitter Follow
Instagram Follow
Telegram Follow
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari
NNPCL Supports Tinubu’s Decision to End Fuel Subsidy, Assures Nigerians of Ample Fuel Supply
Energy & Oil
The Little Mermaid Hits $117m at Memorial Day Weekend Box Office
Movies
FirstBank Donates Modern Healthcare Centre to Lagos Community
Featured
Raymond Dokpesi
Tinubu Mourns Death of Media Mogul Raymond Dokpesi
News
President, Christian Association of Nigeria, Daniel Okoh
Tinubu’s Inauguration Marks a New Chapter for Nigeria, says CAN
News
- Advertisement -

You Might Also Like

Featured

FirstBank Donates Modern Healthcare Centre to Lagos Community

May 29, 2023
Featured

READ: Tinubu’s Inaugural Speech as Nigeria’s President [FULL TEXT]

May 29, 2023
Featured

Ecobank Nigeria Sets Stage for Second Edition of Lagos Adire Festival

May 29, 2023
Featured

The Official Portrait of President Bola Ahmed Tinubu confirmed

May 29, 2023
Previous Next
Okay.ngOkay.ng
Follow US

© OKN MEDIA PUBLISHING 2022 - All rights reserved

  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Okay.ng on WhatsApp
  • Careers
  • Submit News to Okay.ng
Welcome Back!

Sign in to your account

Lost your password?