The term Sustainability has developed through the years to become an indisputable tool that financial institutions now use to examine their business operations and activities. Nigerian Financial Institutions began their journey into promoting a sustainable economy through sustainable banking almost a decade ago.
There was a collaboration between the Central Bank of Nigeria (CBN) and the Bankers Committee to establish a sustainable banking framework that will drive innovation, market resilience and sustainable economy.
The result of this collaboration was the establishment of The Nigerian Sustainable Banking Principles (NSBPs) in 2012.