FCMB Announces N30 Million Funding Opportunity For Clean Energy Projects In Homes And SMEs

FCMB Announces N30 Million Funding Opportunity For Clean Energy Projects In Homes And SMEsFirst City Monument Bank (FCMB) has enhanced its energy finance loan offering, now providing up to N30 million to assist Nigerian households and small businesses in purchasing solar panels, batteries, inverters, and other clean energy equipment. The loan, which offers flexible repayment terms of up to three years, is designed to alleviate financial pressures, enabling businesses to direct more resources toward growth and operational needs.
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This loan expansion is part of FCMB’s broader commitment to promoting sustainable energy solutions and supporting Nigeria’s long-term goal of achieving net-zero emissions by 2060. In addition, the loan helps mitigate the impact of rising energy costs following the removal of the fuel subsidy, aligning with FCMB’s focus on climate action and ensuring access to reliable power.

Yemisi Edun, Managing Director of FCMB, emphasized that the upgraded loan offering would significantly benefit Nigeria’s renewable energy sector. “This loan provides households and businesses with easy access to affordable funding for clean energy solutions, enabling sustainable growth. It also helps counteract the rising fuel costs due to the subsidy removal. At FCMB, we are dedicated to empowering individuals and businesses while supporting the government’s goal of achieving a stable and sustainable power supply,” she said.

George Ogbonnaya, Group Head of Business Banking at FCMB, added, “Our enhanced energy finance loan is a key part of our commitment to helping businesses and households access affordable clean energy. The loan is easily accessible through a simple digital process, supporting job creation, stimulating economic growth, and advancing environmental sustainability.”

FCMB has been a leader in advancing renewable energy through financing, capacity-building initiatives, and connecting clean energy providers with consumers. Over the past three years, the bank has funded various projects, including solar energy systems, mini-grids, and energy-efficient plants. FCMB has also offered free training programs to drive sector growth and innovation.

Recently, the Development Bank of Nigeria recognized FCMB for its outstanding contributions to sustainable development, awarding it the titles of “Best Bank for Impact on MSMEs Accessing Credit for the First Time in Nigeria” and “Highest Disbursement to Sustainability Projects.” As a member of FCMB Group Plc, the bank continues to build a sustainable ecosystem that connects people, capital, and markets across Africa.

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