Alternative Bank partners Sterling One Foundation, Lagos Foodbank to combat hunger, others
By Faith Awa Maji
The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives.
The initiative aligned with the theme of the 2024 African Union Summit “Educate and Skill Africa for the 21st Century.”
The Managing Director of The Alternative Bank, Hassan Yusuf made the disclosure in a press release, highlighting the forthcoming AltWalk event as a pivotal fundraising platform. “Through this initiative, we aim to mobilise contributions from both internal and external stakeholders, reaffirming our commitment to education and societal welfare.”
The fundraising campaign aims to secure N20 million through providing meals for underserved communities and orphanages just as the Lagos FoodBank initiative and delivering quality educational support via Sterling One Foundation.
According to the managing Director, the campaign targets individuals, families, businesses, and organizations committed to ending hunger, improving education, fostering healthy living, and positively impacting society noting that prospective donors are encouraged to contribute through https://altbank.ng/walk/.
Yusuf emphasised AltBank’s dedication to empowering customers through innovative solutions in health, food security, and education, positioning them for success in the 21st century.
He stressed that education is central to the bank’s mission of bolstering the economy and enhancing financial well-being across society.
AltBank, Nigeria’s most recent entrant into the financial services sector, made a grand entrance with simultaneous launch events in Lagos, Abuja, and Kano, marking the country’s first multi-city brand launch. As the ethical banking arm of Sterling Financial Holdings, The Alternative Bank originated in 2014 as Sterling Alternative Finance under Sterling Bank Plc’s non-interest banking license. It has since evolved into a prominent player in Nigeria’s non-interest banking sector.
While Lagos Food Bank is a non-profit, nutrition-focused initiative committed to fighting hunger, reducing food waste, and addressing malnutrition through targeted programs with focus on children, pregnant women, lactating mothers, seniors, and impoverished families.
In same vein, the Sterling One Foundation catalyzes positive social impact across critical sectors of the Nigerian economy motivated by the challenges faced by millions of Africans as it focus is to achieve Sustainable Development Goals (SDGs), capitalize on the demographic dividend, and improve the standard of living for underserved communities.
“Through stakeholder-driven no interventions, it focuses on employability, sustainability, wealth creation, socioeconomic development, and national progress.”
