Nigeria: FCMB Offers N30m Clean Energy Loans for Homes, SMEs

11 November 2024
Daily Trust (Abuja)
By Peter Moses

First City Monument Bank (FCMB) says it has boosted its energy finance loan, offering up to N30 million to help Nigerian households and small businesses buy solar panels, batteries, inverters and other clean energy equipment.

With up to three years of repayment, this loan aims to ease financial pressures, allowing businesses to allocate more funds to growth and operations.

This loan enhancement is part of FCMB's mission to promote sustainable energy solutions in Nigeria, supporting the country's net-zero goals for 2060.

The offering also helps offset the increased energy costs following the removal of fuel subsidy, reinforcing FCMB's commitment to climate action and reliable power access.

The Managing Director of First City Monument Bank, Yemisi Edun, said upgrading their energy finance loan will boost Nigeria's renewable energy sector.

Read the original article on Daily Trust.

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