The Renewable Energy Association of Nigeria (REAN) and Access Bank have reaffirmed their commitment to prioritizing renewable energy issues. This was showcased during REAN’s Renewable Energy Conference 2024, with the theme, “Unlocking Affordable Energy for All.”

In his address at the event, Ayo Ademilua, President of REAN, expressed the association’s honor in partnering with Access Bank to promote the renewable energy agenda.

“We are excited to have Access Bank on board. The renewed enthusiasm shown by the bank in recent weeks regarding our industry is encouraging. Their willingness to support and promote clean energy access is evident, and I believe they will follow through on these commitments,” he remarked.

Gregory Jobome, Executive Director of Risk Management at Access Bank, emphasized that the bank views REAN’s Annual General Meeting as significant, especially given the theme’s focus on a critical challenge faced in Nigeria and across Africa.

“At Access Bank, we understand that energy is essential not only for economic growth but also for every aspect of daily life. Our dedication to renewable energy initiatives is driven by the belief that affordable and sustainable energy is crucial for a brighter, more inclusive future for Nigerians,” he stated.

Jobome further noted that renewable energy is now a necessity, not just an aspiration. “We are proud to collaborate with REAN and other industry stakeholders to support projects that will reshape Nigeria’s energy landscape. We understand that financing sustainable solutions requires more than just funding; it requires vision, partnerships, and a commitment to overcoming the barriers that limit access to affordable energy.”

He emphasized that collaborative efforts and innovative financing are key to attracting investment, supporting local manufacturing, and encouraging clean energy projects. “This conference provides a valuable platform to share ideas and strategies that will help achieve universal energy access. I am inspired by the work being done and confident that today’s discussions will lead to impactful progress.”

Jobome also highlighted Access Bank’s early commitment to sustainability, noting the bank’s partnerships with global organizations such as the IFC, FMO, DG, and the World Bank. “Our early involvement in global sustainability efforts helped us build the business case for operating sustainably, leading to the establishment of a sustainability unit in 2008.”

He concluded by noting that Nigeria stands on the brink of significant transformation, with global shifts toward net-zero emissions and the achievement of Sustainable Development Goals (SDGs). “Access Bank has been preparing for this transition and is leading the way, ensuring that more players join us on this journey,” Jobome said.

The collaboration between REAN and Access Bank underscores the bank’s commitment to its recently launched Sustainable Finance Accelerator Program. This program, introduced last month, aims to support corporates, MSMEs, and nano businesses focused on climate mitigation, adaptation, healthcare, and other social initiatives.

Interested applicants are encouraged to visit Access Bank’s website and social media pages for further details and updates on the Sustainable Finance Accelerator Program.