Collaborated with Tremendoc to provide free telemedicine consultation services to 10 000 Nigerians
Financed the development of the N 1.2 Billion maternity and diagnostic center in Agbor, Delta State, Nigeria
Launched the Health Workers’ Fund to provide supplementary equipment to frontline health care workers on the frontlines of battling the COVID-19 pandemic
Implemented the online registration and payment solution for inbound and outbound travelers in combating the COVID-19 pandemic
Financed drone systems for pharmaceuticals delivery in Nigeria with the Kaduna and Bayelsa state governments
Developed and implemented a public health insurance scheme with the Cross River State Government in Nigeria
Developed and launched Rupi Flexi financing scheme in collaboration with Roche Pharmaceuticals, to provide financing for cancer patients
Partnered with the Lagos State Ministry of Health, the Health Federation of Nigeria, and other key stakeholders to develop policies and solutions to COVID-19
Developed the public and private COVID-19 vaccination registration platforms for the administration of vaccines in Nigeria
Awarded the most “Outstanding Healthcare Financial Institution” at the NHEA 2021.
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Education
Building the future today
Partnered with Nexford University to offer education loans for graduate and post-graduate programs.
Launched the COVID 19 single-digit education finance scheme for schools to help institutions cope with the financial strains of post-pandemic operations.
Launched the EdPay loan facility by Edubanc to finance school fees payments.
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Agriculture
Feeding a Nation
Trained 90 000 rural farmers on in partnership with Mercy Corps to increase sector productivity
Developed and deployed the Sterling Women and Youth in Agriculture Financing (SWAY AgFin) in partnership with Mastercard Foundation, and successfully disbursed over N 5 Billion Naira to over 12 000 farmers
Developed and launched SABEX, an online platform built on blockchain technology in collaboration with AFEX Commodities, to facilitate better storage, trading, and financing for agro-commodities
Financed players within the Nigerian agriculture sector with over N 100 billion (currently 10% of the bank’s current loan portfolio as at December 2021)
Launched the Nigerian Farmers’ Radio in major Nigerian languages to engage and educate smallholder farmers on best practices. Broadcast in all 6 geo-political zones
Launched and hosted the Agriculture Summit Africa to facilitate discourse and formulate policy to guide the Nigerian agriculture sector. Successfully hosted annually since 2018, with renowned speakers and attendees from across the continent and the world.
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Renewable Energy
Powering a Nation
We launched Imperium, an online marketplace for solar and renewable solutions with lease-to-own, power-as-a-service options.
We are currently building the largest commercial property solarization project in Africa, by migrating the Sterling Towers from the grid to renewable. The solarization projects has the capacity to generate approximately 1 MW of electricity from solar energy. This will be the first and largest commercial property solar project on the continent.
Ongoing deployment of over 100,000 Solar Home systems in collaboration with our partner, Asolar.
Thought leadership in the renewable energy industry driving policies and advocacies in collaboration with Development Finance Institutions (IFC, BoI, etc), government agencies (CBN, REA etc) and international organizations (SEforAll, UNDP, UNIDO, Rockefeller Foundation etc)
Sterling will invest over N10 Billion
in the education sector to provide loans
for education business expansion, access to
finance for parents, schools and other stakeholders
to ensure that our schools are among the best in
the world.
In the last 7 years, Sterling has supported
local farmers with over N55 Billion in the
production of rice,maize and beans as our little
way of contributing towards growing the Nigerian
food basket
Nigerian's don't have access to primary healthcare
Over 65%
of Nigerian children are out of school
Only 3%
of the total labor force in Nigeria works in agriculture
9 out of 10
Nigerians don't have steady power supply
1.3 : 1
is the ratio of cars to commuters on Nigerian roads.
H.E.A.R.T Benefit
Growth in the economy will call for more specialized and complex financial services which will lead to growth in other financial services outside of commercial banking.