LAPO Microfinance Bank Champions Climate-Resilient Financing

LAPO Microfinance Bank Limited is taking a leading role in advancing climate-resilient financing within Nigeria's microfinance sector. During a sustainability finance conference, the bank adopted an 11-point action plan designed to strengthen climate-smart financial solutions for vulnerable communities.

Cynthia Ikponmwosa, Managing Director of LAPO Microfinance Bank, highlighted the crucial role of microfinance institutions in helping vulnerable communities adapt to climate change and build economic resilience. She emphasized the need for innovative financial products and partnerships to empower communities and create sustainable economic opportunities.

Angela Omeiza, Chairperson of the bank's Board Environment Social Governance (ESG) Committee, stressed the importance of financial institutions embedding ESG principles into their operations to promote sustainable development. In a keynote address, Professor Franklin Nnaemeka Ngwu from Lagos Business School called for stronger institutional collaboration to address climate-related risks affecting business communities.