Baobab Nigeria, a leading microfinance bank dedicated to empowering small businesses and individuals through financial solutions, over the weekend reiterated its commitment to Micro, Small and Medium Enterprises (MSMEs) across Nigeria.

The bank stated this during a press conference in Lagos where its board of directors reaffirmed Baobab’s commitment to Nigeria’s financial sector and economic growth.

The event 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.



The bank stated this during a press conference in Lagos where its board of directors reaffirmed Baobab’s commitment to Nigeria’s financial sector and economic growth.

The event 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.


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

He said, “At Baobab, we recognize 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. Baobab Nigeria has built a robust financial structure to sustain its growth trajectory. As of December 2024, the bank’s Gross loan portfolio (GLP) stands at N60 billion, reflecting strong demand for its financial products and the bank’s Balance sheet size stands at N80 billion.”

https://www.thisdaylive.com/index.php/2025/03/24/baobab-nigeria-disburses-n500bn-loans-reiterates-commitment-to-msmes-across-nigeria/