Alternative Bank Launches National Tree Planting Campaign

Alternative Bank has deepened its commitment to climate action by partnering with the Federal Ministry of Environment to officially launch a national tree planting campaign, targeting the planting of 20 billion trees across Nigeria by 2030. The event, commemorating World Environment Day, featured Babagana Bukar, Director of Planning Research and Statistics, and Maryam Moham, head of business enablement at Alternative Bank.

The bank currently supports 2,120 electric tricycles on Nigerian roads, including the country's first women-owned electric tricycle scheme. Additionally, Alternative Bank offers dedicated products for solar home systems and clean energy solutions, while also promoting recycling initiatives.

The Minister of Environment, Balarab Abba Lawal, emphasized the urgency of the campaign, noting Nigeria's loss of an estimated 163,000 hectares of forest annually due to agricultural expansion, illegal logging, and urban development. The event marked the beginning of a five-year national reforestation drive, with Alternative Bank also involved in financing electric vehicles through a landmark N14 billion deal with the Niger State government.