BoI to leverage partnerships in raising resources for climate-smart Nigeria – MD

The MD/CEO of Bank of Industry, Dr. Olasupo Olusi, says the bank intends to leverage its extensive partnership to raise the resources required for building a climate-smart Nigeria in line with the federal government vision.

Olusi, who disclosed this at the ongoing AADFI-ADFIAP Joint CEO Forum in Abuja on Thursday, said BoI has worked with its partners to raise over $5 billion from several international financial institutions in the last five years.

“At BoI, we are very active in resourcing climate-friendly funds, including the recent credit line of 100 million Euros secured from the French Development Agency (AFD) for the expansion of green finance in Nigeria.

“The bank is also currently implementing an on-lending financing scheme through local financial institutions to support customers interested in adopting clean energy solutions. We will continue to seek funding partners to complement our climate change agenda.”

In his welcoming remark, Olusi noted the significant effects of climate change, stressing the role of development finance institutions.

“We live in a world where climatic events are claiming lives; disrupting food systems; limiting infrastructure; and generally slowing down economic growth and development across member nations; while accelerating poverty, to the detriment of mankind.




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