Alert Group eyes N200bn assets in five years

Alert Group has set a target of reaching N200bn in total assets over the next five years as it strategised to enhance market presence and improve service offerings across Nigeria.

That goal aligned with its commitment to providing financial solutions that cater to the needs of both individual and corporate clients, it said in a statement on Thursday.

The Group Chief Executive Officer of Alert Group, Olanrewaju Kazeem, emphasised the organisation’s dedication to digital transformation.

He noted that as part of its strategic initiative, Alert Microfinance Bank was planning to onboard 1 million new customers while simultaneously expanding its footprint into 10 new cities across Lagos.

“Alert MFB aims to onboard 1 million customers over the next four years, expand into 10 new cities across Lagos, and significantly invest in its workforce. The bank also plans to hire seasoned professionals to help it reach a target of N200bn in total assets within the next five years.

“This transaction will enhance our efforts to provide affordable long-term housing finance in a manner that will impact the overall sector,” Kazeem added.

He stated that celebrating a decade of operations and profitability, Alert Group had demonstrated resilience in navigating the challenges of the Nigerian financial landscape, adding that the bank was committed to sound financial management and is actively investing in its workforce to ensure high-quality service delivery.

The Managing Director and CEO of the Nigeria Mortgage Refinance Company, Kehinde Ogundimu, noted that the firm was committed to driving equitable access to housing credit facilities, thus enabling vulnerable Nigerians to achieve their homeownership dreams.

In addition to its financial objectives, he stated that Alert Group was deeply committed to corporate social responsibility.

“The bank actively supports community initiatives, including eye care outreach programs aimed at improving health and wellness, as well as empowering women and the girl-child through various educational and economic opportunities,” he added.

The CEO of MiDA Advisors, Aymeric Saha, asserted, “We are demonstrating the power of partnerships with Africa’s leading companies to tackle social infrastructure financing needs in the region.”

Also, the Chief Executive of Corporate and Investment Banking at Standard Bank Group, Luvuyo Masinda, said that would have a positive impact on Nigeria and the continent.