Firm, SEC explore product line expansion

Alert Group has held discussions with the Securities and Exchange Commission (SEC) to offer more products to its customers across different parts of the country.

Alert Group CEO/President, Olanrewaju Kazeem, said this during a media briefing held at its headquarters in Lagos. He said Alert’s assets rose by over 100 per cent, from N10.3 billion in 2023 to N22 billion in 2024, adding that its deposits surged by 59 per cent, while loans grew by 109 per cent, consolidating its strong financial performance.

He said loans worth N40 billion were granted to businesses across different sectors of the economy to support business and economic growth. He said the company would be expanding this year, unveiling new subsidiaries and lending N72 billion to businesses in support of Nigeria’s economic growth. Kazeem highlighted the group’s strategy meant to impact multiple sectors and meet the growing needs of Nigerians.

“Our mission is to empower Nigerians through accessible financial services. In 2025, we aim to launch several subsidiaries and achieve N72 billion in loan disbursements to support businesses, create jobs, and contribute to Nigeria’s economic development,” he said. He added that the group’s expansion would focus on digital solutions, sustainability, auto financing and microfinance.

In addition to its financial success, the bank has made strides in digital transformation, improving its services for both customers and MSMEs. The microfinance bank has also remained committed to its corporate social responsibility initiatives, which include providing eyeglasses to those in need and supporting teachers and local football teams.

Speaking on the ongoing tax reforms, he called for modern tax policies that encourage production and reduce multiple taxation, saying the current system hinders business growth and economic development.

The bank’s continued focus on digital transformation, MSME support and social initiatives is expected to drive further growth and solidify its role in the financial ecosystem.

The CEO of Green Bucks Limited, Hachem Bdeir, discussed 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,” he stated. He added that the company aims to combine environmental impact with economic benefits, supporting projects in renewable energy, agriculture and waste management.

Also speaking at the event, the Chief Executive Officer of Alert Microfinance Bank, Raji Saheed reiterated the bank’s commitment to boosting financial inclusion and taking financial services closer to the people.

“We expect the N72 billion loan disbursement targets to significantly support small businesses and individuals across urban and rural areas,” Saheed said, emphasizing the bank’s commitment to providing accessible financial services to underserved communities.