Baobab Nigeria, a microfinance bank dedicated to empowering entrepreneurs, said it is committed to supporting small businesses. It started this at an event hosted by the board of directors, reaffirming in Lagos.
The event, held at Radisson Blu Anchorage, brought together key stakeholders, including representatives from the Baobab Group, international partners, industry leaders and regulatory bodies.

The engagement provided a platform to discuss strategies, financial inclusion policies and sustainable solutions aimed at fostering the growth of Nigeria’s small-medium sectors.

With close to N500 billion disbursed in loans to micro, small, and medium businesses since its inception, Baobab Nigeria said it is poised to continue to play a pivotal role in fostering financial inclusion and business expansion.

Since its inception, the bank said it has successfully disbursed half a million loans to 300,000 customers.

Speaking at the event, the Group CEO of Baobab Group, Philip Sigwart, emphasized the company’s unwavering dedication to supporting microenterprises and small businesses through impactful financial services.

“At Baobab, we recognise that small businesses are the backbone of the Nigerian economy. We are committed to building a sustainable and inclusive financial ecosystem that empowers entrepreneurs. By continuously innovating and expanding our services, we reinforce our mission to provide accessible financial solutions that fuel growth and economic development in Nigeria and across Africa,” he said.
https://guardian.ng/business-services/business/baobab-commits-to-supporting-nigerias-small-business/