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🇳🇬 Nigeria /Economy & Trade

Accion MfB Celebrates 20 Years of Impact and Growth in Nigeria

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

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  • Accion Microfinance Bank celebrated its 20th anniversary in Lagos, marking its growth from a single branch to a presence in 14 states and 76 locations nationwide.
  • The bank's mission has evolved beyond financial access to fostering prosperity and economic contribution among its customers.
  • The milestone reflects two decades of impact, resilience, and commitment to financial inclusion in Nigeria.

Accion Microfinance Bank marked its 20th anniversary in Lagos, celebrating two decades of operation and growth. The bank has expanded from a single branch to a significant presence across 14 Nigerian states, operating 76 locations nationwide.

It’s 20 years of impact. It’s really mind stunning to experience a day like this, shaping lives, drawing people out of poverty.

— Taiwo JodaSpeaking during the 20th anniversary celebration, the Managing Director of Accion Microfinance Bank reflected on the bank's journey.

Managing Director Taiwo Joda highlighted the anniversary as a testament to "20 years of impact, resilience and commitment to financial inclusion." He stated that the bank's mission has expanded beyond merely providing financial access. "We know that there is a lot more to shape the future, to draw our customers from financial access, from being able to get their businesses done to the next level which is prosperity so that they can add more to the economy," Joda said.

Chairman of the Board Christian Ruehmer emphasized the bank's sustained commitment to supporting customers and communities despite various challenges over the years. "For 20 years, we started to help customers from the first day. We are here to stay and really grow, meet customers and several thousands of customers that we have, which is remarkable," Ruehmer stated.

We know that there is a lot more to shape the future, to draw our customers from financial access, from being able to get their businesses done to the next level which is prosperity so that they can add more to the economy.

— Taiwo JodaThe Managing Director elaborated on the bank's evolving mission during the anniversary event.

Chief Commercial Officer Stephen Olalere pointed to the institution's expansion and its transformational effect on customers' lives as key achievements. The celebration underscored the bank's journey and its ongoing dedication to fostering economic development through microfinance services.

For 20 years, we started to help customers from the first day. We are here to stay and really grow, meet customers and several thousands of customers that we have, which is remarkable. We are glad we are able to contribute to their development from the first day to this stage.

— Christian RuehmerThe Chairman of the Board of Accion Microfinance Bank spoke about the bank's commitment and growth.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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