A statement disclosed that the bank emerged winner of the
first category having competed with over 100 projects within the same category,
carting away the grand prize of $400,000.
It noted that applicants for this award demonstrated how
their operations and activities had promoted decent work and enabled economic
growth within their community, which aligned with the Sustainable Development
Goal 8 that all 191 UN member states had agreed to achieve by the year 2030.
Speaking at the award ceremony on the sideline of the just
concluded COP28 in Dubai, the Managing Director, and Chief Executive Officer of
DBN, Dr Tony Okpanachi, attributed the award to the bank’s unwavering
commitment to the global drive on green and sustainability.
Okpanachi said, “At DBN, we are excited about this grant,
because it aligns with the agenda and aspirations of the bank to become the
primary development finance institution promoting growth through MSME finance
and accelerating sustainable socio-economic development in technology,
agriculture, health, education and job creation in Nigeria.
“I also want to use this medium to appreciate the organisers
of the AGFUND’s Prince Talal International Prize and our international partners
for considering us worthy of this prize.
“The funds will go a long way to fill identified financing
gaps in the MSME segment and develop capacity for ideation, development,
financing, and management of impactful, viable, and financially sustainable
green projects.”
Meanwhile, on Green Financing in Nigeria, Okpanachi
maintained that Nigeria required about $122bn from now till 2030, to develop
the green sector and attain the Sustainable Development Goals.
“There has been a significant effort in raising the required
finance and gestures like this will help bridge the funding gap needed to
achieve sustainable investment in Nigeria and DBN is at the forefront in
driving this investment,” Okpanachi added.
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