Bank of Industry and FSD Africa Partner to Boost Climate Finance in Nigeria
In a strategic push for sustainable development, the Bank of Industry (BOI) has partnered with FSD Africa to accelerate climate finance in Nigeria. The newly signed Memorandum of Understanding (MOU) aims to enhance green financing, support businesses in climate resilience, and mobilize crucial investments for Nigeria’s low-carbon transition.
A Transformative Climate Finance Partnership
This collaboration will bolster BOI’s sustainability finance initiatives with FSD Africa providing technical expertise, capacity-building programs, and strategic direction. The partnership is a pivotal step in closing Nigeria’s staggering $27.2 billion annual climate finance gap by attracting both domestic and international investments.
Speaking at the signing ceremony in Lagos, BOI’s Managing Director, Olasupo Olusi, highlighted the impact of this agreement:
“This partnership with FSD Africa is a game-changer. It reinforces our commitment to embedding climate resilience in our operations and unlocking new opportunities for businesses and communities.”
Evans Osano, Chief Financial Markets Officer at FSD Africa, echoed this sentiment:
“Nigeria’s journey to net-zero requires strategic alliances that drive both local and international investments. We are proud to collaborate with BOI in accelerating sustainable finance and shaping a greener future.”
Driving Nigeria’s Sustainability Agenda
This initiative aligns with BOI’s newly launched three-year strategic plan, which prioritizes climate and green finance as key pillars for national economic transformation. With FSD Africa’s support, BOI is set to become a leading force in climate-conscious lending, offering tailored funding solutions for businesses championing sustainability.
The BOI-FSD Africa MOU marks more than just a partnership—it is a catalyst for change, forging a future where finance fuels sustainability and Nigerian enterprises lead the charge toward a cleaner, greener economy.
