Sterling Bank, one of Nigeria’s top commercial lenders, has sealed a $50 million long-term funding deal with the ECOWAS Bank for Investment and Development (EBID) to empower businesses across high-impact sectors in Nigeria. The Senior Unsecured Facility aims to accelerate growth in key sectors such as infrastructure, agriculture, renewable energy, and manufacturing,reinforcing Sterling’s reputation as a driver of real sector development.
Dele Faseemo, Group Executive for Corporate and Investment Banking at Sterling, described the partnership as a scale-up of the bank’s longstanding mission: “This facility is not about doing more; it’s about doing what we’ve always done, at even greater scale and pace.”
Sterling’s consistent backing of projects with transformative potential through its HEART strategy,Health, Education, Agriculture, Renewable Energy, and Transportation, has earned it recognition from global financial institutions.
The bank says the EBID partnership will enable it to offer more flexible and competitively priced financing to Nigerian enterprises looking to innovate and expand. “This reflects the confidence of development finance partners in Sterling’s execution capacity and commitment to inclusive growth,” Faseemo added.
As Sterling continues to attract international development finance collaborations, it remains a trusted catalyst for sustainable economic transformation in Nigeria and West Africa.
