The partnership, which follows the approval of a loan facility, underscored a shared commitment to mobilizing resources, fostering private sector growth, and creating opportunities that drive inclusive development on the continent.

Speaking at the signing ceremony on the sidelines of the Africa Investment Forum Market Days 2025 in Rabat, officials from both institutions highlighted the determination and resilience that brought the agreement to fruition despite complex negotiations.

“This collaboration is not just about numbers; it is about impact,” Dr. Abdul Kamara, Director General of AfDB Nigeria, said.
“The capital injection will enable Stanbic IBTC to expand its lending capacity, support larger and more impactful projects, and maintain regulatory compliance and financial resilience,” he added.

Mr. Wole Adeniyi, Chief Executive Officer of Stanbic IBTC Nigeria, expressed gratitude to AfDB for its confidence in the bank and Nigeria’s economic future.
He noted that the partnership would strengthen the bank’s ability to finance trade, infrastructure, and small and medium-sized enterprises, while promoting sustainability.

“By reinforcing our capital base, we are ensuring resilience and expanding access to finance for businesses that create jobs and opportunities across the country,” he said.
He added that Stanbic Bank IBTC had recently been recognized as a leader in sustainability rankings, reflecting its commitment to responsible development.

Both parties pledged to deepen collaboration and deliver transformative results for Africa, describing the agreement as the beginning of a long and fruitful partnership.