CBN Partners IFC On Sustainable Banking

The Central Bank of Nigeria (CBN) is teaming up with the International Finance Corporation to boost the compliance rate of Nigerian lenders on sustainable banking.

The special adviser to the CBN governor, Dr. Aisha Mohammed who disclosed this in Abuja, said the Bankers’ Committee in collaboration with the apex bank has already adopted the sustainable banking principle given in July, last year.

She adds that for banks to have the reputation and branding to be able to access fund from international financial institutions, there’s need to implement sustainable banking.

Sustainable banking is based on the principle of environmental and social issues, which requires banks to pay attention to poverty rate, population explosion, gender and unemployment, among others.

Source: Channels