Alert Group is set to expand in 2025, launching new subsidiaries and aiming to disburse N72bn in loans to support Nigeria’s economic growth and financial inclusion.
The Group’s president, Olanrewaju Kazeem, announced the plans at a press conference in Lagos on Thursday, highlighting its strategy to impact multiple sectors and meet the growing needs of Nigerians.
“Our mission is to empower Nigerians through accessible financial services,” Dr Kazeem said. “In 2025, we aim to launch several subsidiaries and achieve N72bn in loan disbursements to support businesses, create jobs, and contribute to the nation’s development.”
He added that the Group’s expansion will focus on digital solutions, sustainability, auto financing, and microfinance.
Kazeem noted that the bank reported a growth trajectory, with total assets rising from N10.3bn in 2023 to over N22bn in 2024. The bank’s deposits also saw a 59 per cent increase, while loans grew by 109 per cent.
In addition to its financial records, the microfinance bank provided eyeglasses to those with sight challenges and supported teachers and local football clubs.
Addressing tax reform, the bank’s president called for modern tax policies that encourage production and reduce multiple taxation, saying the current system hinders business growth and economic development.
Also speaking at the event, the Chief Executive Officer of Alert Microfinance Bank, Raji Saheed, spoke about the bank’s balance sheet and its role in advancing financial inclusion in Nigeria.
“We expect the N72bn loan disbursement target to significantly support small businesses and individuals across urban and rural areas,” Saheed said, emphasising the bank’s commitment to providing accessible financial services to underserved communities.
Also, the CEO of Green Bucks Limited, Hachem Bdeir, shared the company’s focus on financing projects that promote environmental sustainability.
“Green Bucks is committed to funding businesses that align with global trends toward sustainability,” Bdeir said.
He added that the company aims to combine environmental impact with economic benefits, supporting projects in renewable energy, agriculture, and waste management.
The Chief Technology Officer at Alert Group, Adegoke Izekeo, revealed that the company is launching a new mobile application designed to simplify the delivery of financial services.
“Our new mobile platform will make it easier for customers to access financial services, including loan applications, bill payments, and account management, all from the convenience of their smartphones,” Izekeo explained.
She added that the app is expected to revolutionise how the group engages with its customers, allowing users to seamlessly interact with services without the constraints of physical locations.
Izekeo stressed that the platform is not just a tool for digital banking but a key part of the group’s strategy to provide financial inclusion for Nigerians in both urban and remote areas. “We believe that technology is a key driver of financial inclusion, and our app will play a pivotal role in reaching Nigerians who may otherwise have limited access to traditional banking services,” he said.
In his remarks, the CEO of Auto Bucks Lenders Limited, Olaoye Olasunkami, reiterated the company’s role in transforming the MSME sector. “Auto Bucks will offer affordable and flexible financing options to entrepreneurs in Nigeria,” he said.
Olasunkami noted that the company will expand physically and digitally in 2025 to ensure willing and capable entrepreneurs.