United Nations Resident Coordinator commends Sterling One Foundation for SDGs

THE United Nations Resident and Humanitarian Coordinator in Nigeria, Mr. Matthias Schmale, has commended the Sterling One Foundation for creating a meeting aimed at accelerating growth towards the 2030 Sustainable Development Goals across Africa.

This was shared during a two-day hybrid event held on July 13-14, 2022 at the Transcorp Hilton Hotel in Abuja, which was attended by around 4,000 registered delegates from 55 countries.

Delivering a keynote address at the event themed “Rethink, Rebuild, Recover: Accelerating Growth for the SDGs,” Mr. Schmale noted that the theme was appropriate, timely, relevant and necessary.

This was given the economic regression across Africa occasioned by the pandemic, the volatilities caused by the war in Ukraine and the fact that there were only eight years left until 2030.

He commended the leadership of the Sterling One Foundation, stressing that there was a need for intensive collaborations and partnerships between African leaders in the public and private sectors, including civil society groups, to help achieve un only 2030 goals, but also African Union goals. 2063 goals.

Also speaking at the event, Ms. Olapeju Ibekwe, CEO of the Sterling One Foundation, noted that the summit had in-depth and insightful panel discussions on climate action, education access and financing, primary health care, youth and women empowerment, impact investing and governance which gave a good appreciation of the 17 interrelated global goals.

She added that a recurring resolution that emerged from all panel sessions was the need to eliminate siled executions and embrace collaborations by all industry players.

Financing strategies, impact measurement and evaluation of this impact were also discussed as it was clear that the SDGs require financing to become a reality with an estimated amount of 1.3 trillion dollars per year in Africa shared by the UN and more than 300 billion dollars to close the gap in Nigeria.

“Various offers from four African countries were presented to the summit’s trading floor with innovative solutions that cut across education, health, construction, renewable energy and food security sectors.

“Most of these companies already have contingent commitments from our investors at the event and we expect to close these deals in the coming weeks working with the recipients. We will continue to facilitate financing for commercial purposes. and profit-driven business solutions that will help promote access to health and education for all while securing returns for local and global impact investors,” she added.

She noted that the Foundation was already working with various partners and would continue to do so as the event was organized in partnership with the United Nations Global Compact Network in Nigeria, Sterling Bank, The Coca Cola Company, VFD Group, The Foundation Impact Investors, Giving .ng, Nigeria Climate Innovation Center (NCIC), Nigerian Economic Summit Group (NESG), Ventures Africa, Proshare and Tech Cabal.