By Nneka Nwogwugwu
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has warned that henceforth banks will consider sustainable banking principles when lending money to individuals and corporate entities who contribute to environmental pollution.
Emefiele said this on Thursday while leading a delegation of CBN management to plant trees at the CBN Head Office in commemoration of the 2021 World Environment Day with the theme: “Ecosystem Restoration”.
He emphasised that the Nigerian banking sector was committed to protecting the environment by making sure that the principles of sustainable banking are put in place when banks consider those, they offer credit.
He noted that already some institutions refuse to grant credit to customers whose activities pollute the environment.
The Governor enjoined Nigerians to strive to make the environment green by restoring the ecosystem and avoiding pollutants that destroy the earth.
Economic Confidenial quoted the CBN governor to have said, “There is the need for the environment to go green. We must join the global community to ensure that we clean the environment and rid the ecosystem of pollutants that are harmful to us.”