Sterling Bank Launches First EV Charging Station in Yaba

Sterling Bank Plc has unveiled a new electric vehicle (EV) charging station in Yaba, Lagos, as part of its commitment to promoting sustainable transportation and advancing Nigeria’s transition to cleaner energy alternatives.

This initiative marks a significant milestone for the financial institution, highlighting its dedication to environmentally friendly innovations.

Strategically located in Yaba, a vibrant hub for technology, education, and innovation, the new EV charging station aims to serve as vital infrastructure for electric vehicle users in Lagos, Nigeria’s economic capital.

Equipped with fast-charging capabilities and multiple charging ports, the facility is designed to support the growing adoption of EVs in the region.

Solar panels are integrated into the station to partially power its operations, reflecting Sterling Bank’s focus on renewable energy solutions.

At the launch event, Abubakar Suleiman, Managing Director and Chief Executive Officer of Sterling Bank, reaffirmed the institution’s commitment to sustainability.

“This charging station represents more than just infrastructure—it is a commitment to a greener, more sustainable future for Nigeria,” Suleiman said.

To encourage adoption, Sterling Bank announced that EV owners would enjoy free charging services at the Yaba station for the first three months.

Industry experts estimate the facility can accommodate up to 20 vehicles daily, with plans to expand capacity as demand grows.

This initiative aligns with global efforts to reduce carbon emissions and tackle climate challenges, positioning Sterling Bank as a leader in Nigeria’s push for sustainable development.

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