Sustainable banking in Nigeria: a strategy or a mindset?

October 12, 2013 § Leave a comment

Kenneth Amaeshi and Chris Ogbechie

On 24 September 24 2012, the Central Bank of Nigeria launched the Nigerian Sustainable Banking Principles. The adoption and implementation of these principles are compulsory and require Nigerian “banks, discount houses and development finance institutions to develop a management approach that balances the environmental and social risks identified with the opportunities to be exploited through their business activities”.

This move by the Central Bank of Nigeria, spearheaded by the current governor, Mallam Sanusi Lamido Sanusi – which has been internationally applauded – appears to be the first of its kind globally. In its approach to promoting commitment to sustainability, it is an unusual mix of soft and hard governance….. (to continue, please see the link below)

Published in The Guardian (UK) Sustainable Business Blog October 2, 2013

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