At the heart of its review is a constant improvement in risk asset polity, productivity boost, value drive and creation through digital technology, positioning the firm above the storm in the financial scale of Nigeria.

This was the thrust at Credite Capital Finance & Investment Limited 8th Annual General Meeting (AGM) held recently at Radisson Blu Hotel Lagos.

According to the Chairman Credite Capital Finance & Investment Limited, Tokunboh Abudu, “the year under review was shaped by global and domestic developments that influenced our operating environment. On the global front, heightened geopolitical uncertainties, the rapid acceleration of digital transformation, particularly the integration of artificial intelligence into everyday life and focus on sustainability, dominated the global agenda.

Domestically, the macroeconomic environment experienced significant shifts, marked by rising inflation, foreign exchange reforms, monetary policy tightening, and renewed efforts toward fiscal consolidation. Despite these headwinds, Credite Capital Finance & Investment Limited delivered resilient performance, underpinned by our diversified business model, scalable infrastructure, prudent risk management and more importantly, deepened investments.

“There was a huge shock in fiscal 2024 and essentially, we weathered the storm through diversification into retail lending operations. However, there is some level of stability now and we hope this would make the year 2025 a better one as it has proven the resilience of our business model and the changes we made from 2024. Our 2024 financial performance reflects the strength of our business model, the resilience of our operations, and our unwavering focus on long-term value creation for shareholders. We hope to present a more robust performance going forward. Our share capital is improving – our target is to reach at least a billion in share capital by 2026. The commitment and passion are there regardless of the tough fiscal environment.

Abudu who appreciated fellow board members, the management team, employees and shareholders in the ecosystem for their unwavering dedication, passion, and drive throughout 2024 noted that “in line with the firm’s commitment to empowering employees and preparing them for future challenges, we significantly increased our investment in developmental and capacity-building initiatives during the year. Key programmes, including the Leadership Class Lecture Series – delivered by every member of staff and the Professional Technical Certification Training Class, which focuses on regulatory and professional technical certifications, have been instrumental in enhancing workforce capabilities.”

The MD/CEO, Credite Capital Finance & Investment Limited, Segun Ogunleye said part of the firm’s five-year business plan is to capitalise on N1billion, “as we speak, we have done N750 Million and we intend to complete it within the next two years such that by the time the wave of capitalisation is going across the entire financial landscape, we won’t be caught off guard.

“The present administration is doing everything humanly possible to address all the macroeconomic headwinds. Presently the GDP is growing, we have relative stability in our apex, the Naira is gaining stability, the government is working to address inflation pressure and the economy is gradually coming up. The SMEs are the real catalyst and this is why we are here to support them to grow their business and create wealth. Looking ahead we intend to go into digital transformation of our business process to maximise efficiency and also make our services more accessible through Artificial Intelligence such that people can engage our services from the comfort of their homes.”