The Alternative Bank has reaffirmed its commitment to empowering Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) through innovative non-interest financing solutions designed to boost trade, production, and wealth creation.
The bank’s approach focuses on enabling small businesses, farmers, and manufacturers to access financial resources without the burden of conventional interest-based loans, helping them scale operations, adopt modern technology, and compete in both local and international markets.
Through its value-chain financing and ethical banking models, The Alternative Bank is supporting agro-allied companies, manufacturers, and entrepreneurs, providing the tools necessary to unlock growth, expand production, and increase export potential. Korede Demola-Adeniyi, Executive Director, South, at The Alternative Bank, said, “Finance should empower people. Through inclusive banking, we aim to unlock new wealth across communities and provide opportunities for businesses to thrive sustainably.”
The bank’s empowerment model goes beyond credit provision. It integrates training, mentorship, and advisory support to help MSMEs optimize operations, manage finances effectively, and access new markets. By focusing on value-added production rather than raw commodity sales, The Alternative Bank ensures businesses can enhance profitability, generate jobs, and strengthen local supply chains.
AltBank also emphasizes access to modern tools and solutions, including clean energy infrastructure, trade finance instruments, and digital platforms, enabling small enterprises to participate in global value chains. The bank’s approach aligns with national priorities to diversify the economy, reduce dependency on oil, and promote a more resilient and competitive SME sector.
Through these measures, The Alternative Bank is not only fostering wealth creation and job opportunities but also ensuring that Nigerian SMEs have the tools, knowledge, and support to grow sustainably, compete globally, and drive economic transformation across the country.
