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Keystone Bank Promotes Green Economy Growth With EcoCycle Account

Bode Gbadebo by Bode Gbadebo
3 weeks ago
in Business
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Keystone Bank Limited has intensified its support for Nigeria’s emerging circular economy with its EcoCycle Account, a specialised financial solution designed to empower businesses operating in the green sector.

In a statement on Friday, the lender said Nigeria’s circular economy was gaining traction, with entrepreneurs increasingly turning waste into wealth, converting plastics into furniture, repurposing scrap, and building sustainable supply chains.

“However, access to tailored financial services has remained a major challenge for many of these businesses.

“Addressing this gap, Keystone Bank launched the EcoCycle Account, a current account built for enterprises in the circular economy. Beyond basic banking services, it offers working capital, equipment financing, and expansion funding on competitive terms, plus free business clinics and financial advisory support through the bank’s MSME Online Academy.” the bank said.

Speaking on the initiative, Hassan Imam, Managing Director & Chief Executive Officer of the bank, said the EcoCycle Account was designed to close both the financial and knowledge gaps holding back circular economy enterprises in Nigeria. “As a bank, our goal is not just to provide financial services but to enable a thriving ecosystem where green businesses can grow, scale, and create lasting impact,” he said.

Imam added that the bank’s commitment extends beyond financial products, citing its Greenpreneur 2026 World Environment Day Programme run with the UNILAG Green Hub which connected participants with green economy entrepreneurs and offered practical sessions on turning recycled plastics into viable products.

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“Initiatives like Greenpreneur are central to the bank’s broader strategy of fostering innovation and sustainability.

“We recognise that the future of economic growth lies in sustainability. By supporting green entrepreneurs with the right tools, partnerships, and knowledge, we are helping to shape a more resilient and environmentally responsible economy,” he added.

Industry observers said Nigeria’s green es poised for significant expansion, driven by a new generation of entrepreneurs .

Through the EcoCycle Account and its ecosystem-driven approach, Keystone Bank is positioning itself as a key enabler of this transformation, providing financial solutions, capacity-building programmes, and strategic partnerships needed to unlock long-term growth in the sector.

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Bode Gbadebo

Bode Gbadebo

Bode Gbadebo is a Development Journalist of over 15 years, who has reported anti-corruption agencies, legislature, human interest issues and broader politics, including the 2014 National Conference. He is now employing digital tools to enhance his work.

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