Access Bank targets top 20 position in UK, $1bn profit by 2027

Access Bank partners energy stakeholders on actions to achieving net-zero emissions

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STAKEHOLDERS, including government officials, experts and Civil Society Organisations (CSOs), have called for enhanced strategies to address climate change and air pollution while creating a more affordable and resilient energy system aimed at improving the economy and the quality of life.

They made the call at a two-day conference of the Renewable Energy and Energy Efficiency Association (Alliance) REEEA-A, with the theme, ‘Road to Net Zero: Actionable Initiatives for Success,’ held recently in Abuja.

Speaking at the conference, the President of REEEA-A, Magnus Onuoha, highlighted the achievements and vision of the alliance over the past five years.

Onuoha emphasised that in collaboration with seven associated organisations, the alliance has actively worked towards improving energy access and security in Nigeria and beyond.

He stated that through its mission, the alliance has enhanced the quality and standards of renewable energy technologies, research and policy by fostering knowledge generation and dissemination for sustainable development.

Onuoha highlighted key milestones of the alliance, including the standardisation and validation of energy efficiency measures and the harmonisation of renewable energy policies between 2020 and 2021.

He further stated that the alliance has also provided regulatory support to both public and private sector clients, focusing on network and information exchange, youth and gender empowerment and research support services.

He acknowledged the contributions of partners such as the Nigeria Energy Support Programme (NESP), a joint initiative between the European Union, the German government, the Federal Ministry of Power and GIZ. Access Bank was also recognised for its sponsorship, underscoring the significance of private-sector involvement in achieving net-zero targets.

Onuoha stated that the theme, ‘Net Zero,’ centres on addressing climate change and air pollution while creating a more affordable and resilient energy system.

Achieving net-zero emissions offers a path to a more productive economy and improved quality of life, focusing on human progress and sustainability.

In his remarks, Executive Director, Risk Management, Access Bank, Dr Gregory Jobome, emphasised on the need for universal access to modern energy.

He said: “As a bank, our mission has evolved beyond conventional banking to embrace sustainability as a core business principle. This journey is not just about us funding individuals or organisations, it is about all of us working together, co-creating solutions and scaling up sustainable initiatives across Nigeria and Africa.

“To further achieve this, we lunched the Sustainable Finance Accelerator Programme, an initiative from the bank to boost eco-friendly initiatives in Nigeria. The programme is structured to collaborate and nurture innovative ideas within the sustainable development sector by offering comprehensive training, mentorship and essential resources.

“The programme’s goal is to transform participants’ ideas into viable, impactful businesses that contribute to a more sustainable and resilient future,” Gregory noted.

Earlier, the Minister of Power, Adebayo Adelabu, who was represented by the Deputy Director of the Power and Energy Division, Owolabi Sunday, acknowledged the pressing challenges posed by climate change and the need for Nigeria to transition from traditional energy sources to cleaner alternatives.

He highlighted that Nigeria is blessed with abundant renewable resources such as sunlight, wind and water and therefore, transitioning to renewable energy is essential for the country’s sustainable future.

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