AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education
The Alternative Bank Limited (AltBank) has unveiled a strategic partnership with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This collaboration aligns with the theme of the African Union Summit 2024, “Educate and Skill Africa for the 21st Century.”
Hassan Yusuf, the Managing Director of The Alternative Bank, revealed this endeavor in a press release, highlighting the upcoming AltWalk event as a pivotal fundraising platform. “Through this initiative, we aim to mobilize contributions from both internal and external stakeholders, reaffirming our commitment to education and societal welfare.”
The fundraising campaign targets N20 million, with the proceeds serving dual purposes: providing meals for underserved communities and orphanages through the Lagos FoodBank initiative and delivering quality educational support via Sterling One Foundation.
This campaign invites individuals, families, businesses, and organizations dedicated to ending hunger, improving education, fostering healthy living, and positively impacting society. Prospective donors are encouraged to contribute through [altbank.ng/walk/](https://altbank.ng/walk/).
Stakeholder involvement and donations are expected to significantly impact critical social issues, including hunger reduction, enhanced education, and healthier lifestyles.
Yusuf emphasized AltBank’s commitment 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 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.
About Lagos FoodBank
Lagos Food Bank is a non-profit, nutrition-focused initiative committed to fighting hunger, reducing food waste, and addressing malnutrition through targeted programs. Their initiatives aim to improve the nutrition and food intake of vulnerable populations, including children, pregnant women, lactating mothers, seniors, and impoverished families.
About Sterling One Foundation
The Sterling One Foundation catalyzes positive social impact across critical sectors of the Nigerian economy. Motivated by the distinct challenges faced by millions of Africans, the foundation aims to achieve Sustainable Development Goals (SDGs), capitalize on the demographic dividend, and improve the standard of living for underserved communities. Through stakeholder-driven interventions, it focuses on employability, sustainability, wealth creation, socioeconomic development, and national progress.
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