School of Information and Communication Technology, Delta State Polytechnic, Ogwashi-Uku
Academy Journal of ICT
Vol. 1 No. 1 · June 2026
Asielue, Peter Ikechukwu, PhD · Owabor, Rosemary Njideka
The role of central banks in fostering a sustainable financial ecosystem has been a subject of increasing interest due to the escalating environmental issues. Owing to this, the study evaluated the role of the central bank in greening the financial system to ensure the sustainability of the Nigerian banks. The study is qualitative in nature and secondary data were sourced. Content analysis was employed in analyzing the data. The study contends that central bank plays an instrumental role in implementing green policies and regulatory measures. The Central Bank of Nigeria occupies a unique position within the financial ecosystem, wielding unparalleled influence over monetary policy, financial stability, and regulatory oversight. As such, they are strategically poised to act as catalysts in the propagation of green finance to ensure the sustainability of the Nigerian financial system. Through a combination of regulatory measures, financial instruments like green bonds, and traditional tools like reserve requirements and interest rates, central banks can significantly influence the direction of financial flows towards more sustainable avenues. It is recommended that the CBN should solicit the support of all stakeholders towards greening the financial sector and develop collective initiatives for greening the financial system. The CBN should ensure that financial institutions lend to activities that promote a sustainable financial system while protecting the environment.
Asielue, Peter Ikechukwu, PhD, Owabor, Rosemary Njideka. (2026). Green Financing and Sustainability of the Nigerian Banking Sector: The Role of Central Bank of Nigeria. Academy Journal of Information and Communication Technology, 1(1).