In order to Foaster sustainable economic growth and development, LAPO Microfinance Bank advocates expanded financial opportunities, prioritizing vulnerable communities.
In a press release issued to The PUNCH on Sunday, the bank reaffirmed its dedication to financial inclusion, spearheading initiatives that economically empower marginalized communities nationwide.
It stated, “In recent years, Nigeria has made significant progress in expanding financial services, but millions still lack access to formal financial systems. LAPO Microfinance Bank is addressing this gap by designing tailored financial products specifically for women, small businesses, and low-income communities”.
“Through offerings like SME Loans, Xpress Savings, Fixed Deposits, and debit cards integrated with mobile banking solutions, LAPO is enabling individuals and business owners to access essential banking services.” It added.
It further stressed that ” This mission aligns strategically with Nigeria’s national financial inclusion agenda, led by the Central Bank of Nigeria, and has helped the country make progress toward its financial inclusion targets.”
Speaking at the International Financial Inclusion Conference, Director of Marketing and Corporate Communications, LAPO Microfinance Bank, Oluremi Akande, underscored the bank’s commitment to financial inclusion, emphasizing its role in driving socio-economic development and poverty reduction across Nigeria.
“As an organisation, we recognise that financial inclusion is not merely about access to financial services but also about creating pathways to economic empowerment”.
“By providing tailored financial solutions and expanding financial literacy, we aim to build a financially inclusive society where individuals and small businesses can thrive. This conference has given us a valuable platform to share our mission and collaborate with other stakeholders to create lasting impact.” Akande Concluded
Eniola Jolaoso