Nigerians seeking green energy solutions like solar panels and batteries can now access up to N10 million through FCMB Energy Finance Loan from First City Monument Bank (FCMB). The loan assists homes and small businesses, including hospitals, schools, restaurants, and hotels, in adopting clean energy for daily activities.
Mrs. Yemisi Edun, FCMB’s Managing Director, emphasized the bank’s commitment to eco-friendly energy finance and supporting clean energy to boost economic growth and enhance quality of life.
With the removal of petrol subsidies and rising fuel costs, FCMB upgraded the Energy Finance Loan to alleviate the impact on traditional fossil fuels. Mr. George Ogbonnaya, Group Head of Business Banking at FCMB, highlighted the loan’s flexibility and competitive interest rates, encouraging small business owners to seize the opportunity.
Renewable Energy Association of Nigeria’s President, Mr. Ayo Ademilua, applauded the timely availability of alternative energy solutions due to petrol price increases.
Dr. Segun Adaju, CEO of Consistent Energy Limited, praised FCMB for supporting Nigerians with funding to acquire affordable clean energy sources in alignment with carbon trading initiatives.
FCMB leads renewable energy development through capacity building, funding support, and connecting developers with end-users. Over N7 billion has been disbursed for energy efficiency projects, including mini-grids and solar energy.