Sterling Bank launches Imperium Platform

At the unveiling of its Nigerian electricity industry report titled, Powering Nigeria: How solar energy can become a sustainable electricity alternative, Sterling Bank launched the Imperium Platform. This Platform will connect the producers and users of renewable energy in Nigeria.

According to the electrical sector analysis published by Sterling Bank in partnership with Stears, Nigeria's grid electrification rate is 43%. Hence, the Bank has deployed the Imperium Platform as a solar solution to alleviate the country's inadequate electrical situation. Sterling Bank affirmed that the Platform would make sustainable energy affordable for interested consumers by providing a variety of financing alternatives to customers purchasing the solution outright or paying for its installation and operations.

Furthermore, the Bank clarified that the financing choices are tailored to prospective consumers' varying needs and purchasing capacity. Purchase outrightly, lease-to-own, and power as a service are the various financing alternatives. In addition, the Bank remains committed to promoting renewable energy, as evidenced by its recent installation of solar panels at the Nike Art Gallery.