Renewable energy has been identified as a solution to Nigeria's widening electricity deficit. But despite recent gains in renewable energy deployment, access to finance remains a barrier to accelerating growth in the sector. Sterling bank is hoping to change this narrative through its approach to renewable energy development. Presently, the bank has invested over $1 million and is looking to invest another $5 million over the next two years to power industrial activities through renewable sources. 

Dele Faseemo, the Head of Energy, Sterling Bank discusses the bank's activities in the renewable energy sector as well as their approach to solving the long-term financing challenge.