*First Bank of Nigeria Limited strengthens its partnership with the United Nations’ Global Compact, to further to drive sustainable finance and unlocking capital for development

Isola Moses | 绿帽献妻

In line with its commitment to driving sustainable finance and unlocking capital for development, First Bank of Nigeria Limited says it has strengthened its partnership with the United Nations Global Compact (UNGC).

FirstBank stated the ongoing partnership, again, was reinforced at the recently concluded Fourth International Conference on Financing for Development (FfD4), in Seville, Spain.

The financial institution also said the FfD4 Conference, hosted by the United Nations Department of Economic and Social Affairs (UN DESA), attracted global leaders, policymakers and private sector experts to discuss innovative solutions.

It stressed the forum equally addressed the growing Sustainable Development Goals (SDG) financing gap and unlocking capital for development in fragile and underserved regions of the world.

The statement indicated that Patrick Akhidenor, FirstBank鈥檚 Chief Risk Officer (CRO), who represented the bank at the conference, highlighted two of the Nigerian lender鈥檚 flagship initiatives that are driving resilience finance in Nigeria.

Akhidenor noted these include the Solar Equipment Financing initiative and the revamped FirstGem Fund.

He also said: 鈥淭he Solar Equipment Financing initiative offers tailored financing options for the purchase and installation of solar power systems, ensuring access to clean, reliable, and affordable energy solutions.

“The FirstGem Fund, a women-focused proposition, provides single-digit interest loans to women entrepreneurs without collateral requirements, targeting funding gaps in critical sectors.”