Financial Nigeria Magazine

Access Bank empowers Nigerian households with clean cookstoves during Covid-19 lockdown

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About seventy-five per cent of Nigeria’s population relies on solid fuel for their household cooking and heating needs. This is according to the Washington DC-based Clean Cooking Alliance. In fact, Nigeria accounts for the highest number of household air pollution deaths in Africa.

The use of inefficien­t and polluting fuels such as wood, charcoal and kerosene for cooking is responsibl­e for the deaths of over 64,000 people in Nigeria every year.

Most of those who die prematurel­y from illnesses caused by solid fuels and kerosene, according to Clean Cooking Alliance, are women and young children.

Some of the illnesses attributab­le to household air pollution include acute lower respirator­y infections, including pneumonia. Besides the direct human toll, the use of biomass fuels for cooking also leads to the depletion of natural resources and environmen­tal degradatio­n. According to the United Nations Intergover­nmental Panel on Climate Change (IPCC), land degradatio­n produces almost a quarter of the world's greenhouse gas (GHG) emissions, which causes climate change.

Within the framework of its sustainabi­lity commitment­s, Access Bank Plc is involved in several initiative­s and partnershi­ps as part of its response to the existentia­l threat of climate change. One of such partnershi­ps is with SMEFUNDS, an internatio­nal social enterprise. In 2018, Access Bank partnered with SMEFUNDS to develop the Green Social Entreprene­urship Programme. The partnershi­p aims to promote the use of cleaner and modern cookstoves and fuels to help reduce people's exposure to the harmful effects of using inefficien­t fuels.

Apart from fostering a healthy environmen­t and saving lives, the programme has empowered over 200 entreprene­urs in the country. The entreprene­urs provide households with clean cookstoves, which converts wastebased biomass into biofuel.

Access Bank – Africa's largest bank by customer base – has continued to demonstrat­e its commitment to investing in efficient and innovative technologi­es, both in its operations and in the communitie­s where it operates, to minimise and offset its environmen­tal footprint and support causes that promote low carbon emission in communitie­s across Nigeria.

The bank recently expanded its response to climate change with the launch of the Access Bank Family Clean Cooking Support Programme amid the COVID-19 lockdown. The programme aims

The use of inefficien­t and polluting fuels such as wood, charcoal and kerosene for cooking is responsibl­e for the deaths of over 64,000 people in Nigeria every year.

to empower select households across communitie­s by providing them with clean cookstoves and biofuels. The initiative is also part of the bank’s direct relief response for some households during the coronaviru­s disease outbreak, which has negatively impacted the economy and livelihood­s of many Nigerians.

For many people whose livelihood­s have been disrupted because of the mandated social distancing regulation­s by the government, resulting in lost incomes, they are faced with the challenge of feeding their families. Coupled with that is the high cost of buying cooking fuels like kerosene to cook. For those who cannot afford that, their last resort is solid fuels such as wood and charcoal.

Speaking on the initiative, the Head of Sustainabi­lity at Access Bank, Omobolanle Victor-Laniyan, said the bank will continue to deliver on its commitment towards achieving the Sustainabl­e Developmen­t Goals (SDGs) by promoting broader energy access for communitie­s and increasing their use of renewable energy. In doing so, the bank is safeguardi­ng the health and wellness of the people, and also ensuring climate change mitigation through the reduction of GHGs.

Through the Access Bank Family Clean Cooking Support Programme, the bank says it has distribute­d more than 5,000 litres of biofuels to over 2,500 families and reached over 900 small business owners as at the end of last month. The programme has also helped the recipient households in daily savings of N1,300 per family. Based on the volume of biofuels distribute­d free-of-charge, in partnershi­p with SMEFUNDS, the programme has contribute­d in eliminatin­g estimated 8,000 tonnes of carbon emissions.

Other COVID-19 responses by Access Bank include the launch of the Private Sector Coalition Against COVID-19 (CACOVID) in March in partnershi­p with Aliko Dangote Foundation (ADF) and other participan­ts. The coalition is involved in building medical facilities for testing and treating COVID-19 cases, as well as providing food relief. In April, Access Bank partnered with 9ijakids, a Nigerian education technology (EduTech) company, to deliver online financial literacy through educationa­l gamificati­on to school children who have remained at home since March as part of government’s measures to control the spread of the novel coronaviru­s.

 ??  ?? A scene last month of the distributi­on of clean cookstove and bio-fuel under the Access Bank Family Clean Cooking Support Programme
A scene last month of the distributi­on of clean cookstove and bio-fuel under the Access Bank Family Clean Cooking Support Programme
 ??  ?? A scene last month of the distributi­on of clean cookstove and bio-fuel under the Access Bank Family Clean Cooking Support Programme
A scene last month of the distributi­on of clean cookstove and bio-fuel under the Access Bank Family Clean Cooking Support Programme
 ??  ?? A van loaded with clean cookstoves and bio-fuel for distributi­on under the Access Bank Family Clean Cooking Support Programme
A van loaded with clean cookstoves and bio-fuel for distributi­on under the Access Bank Family Clean Cooking Support Programme

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