Abstract

Author:
Ayoola Maxwell Alabi, Fuzzy Naomi Oguntoyinbo, Kehinde Mobolaji Abioye, Adesola Adepeju John-Ladega, Anwuli Nkemchor Obiki-Osafiele, Chibuike Daraojimba

Doi: 10.26480/egnes.01.2024.35.41

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

In order to comprehend the significance, difficulties, and potential contributions that green banking could make to sustainability, this paper examines the changing landscape of green banking in Nigeria. One of the main goals is to assess the adoption and effects of green banking practices in the Nigerian financial sector. To gain an understanding of the legal, practical, cultural, and economic factors influencing the adoption of green banking, empirical data, case studies, and global trends are analyzed. The review highlights important gains for banks, clients, and society at large while highlighting the favorable effects on the environment, society, and the economy. The study suggests coordinated efforts among banks, regulators, and policymakers to improve regulatory frameworks, strengthen green banking practices, and advance sustainability education. Finally, by providing a thorough overview of green banking in Nigeria and highlighting its role in promoting a sustainable and ethical financial sector, this paper makes a contribution to sustainable finance.