Sterling Bank and FITC Drive Sustainable Finance in Africa

Sterling Bank partnered with the Financial Institutions Training Centre (FITC) to convene a conference in Lagos focused on sustainable finance and institutional accountability for Africa. The event, scheduled for 2026, aimed to strengthen governance frameworks and mobilize local capital to address Africa's climate financing needs.

Dr. Chizor Maliz, Managing Director and Chief Executive Officer of FITC, emphasized the necessity of climate resilience and social investment, urging leaders to shift from mere corporate reporting to actionable strategies.

Olapeju Ibekwe, Chief Executive Officer, highlighted the transformative role of targeted capital allocation. Philip C.

Ikeazor, Deputy Governor of Economic Policy at the Central Bank of Nigeria, revealed that multilateral climate funds currently contribute less than 2% of Africa's total climate financing, creating a significant funding gap. The conference concluded with a unified commitment to mobilize local capital and implement structural reforms necessary for a resilient African future.