Banks Pledge to Stop Giving Loans to Those Who Harm the Environment

As a way to commemorate the World Environment Day, Central Bank of Nigeria Governor, Godwin Emefiele said that Nigerian banks will not lend money to people and corporate bodies whose activities harm the environment.

I think that this will go a long way into making Nigerians care more about their surroundings and environment as it will no be tied to whether they can get loans to boost their business in banks. This is also help to keep in check corporate bodies with companies or factories that emit waste and pollute the environment without taking necessary steps to properly dispose waste.

This is a huge step into creating a good and sustainable environment in Nigeria and the world at large. What are your reactions to this?