‘The Alternative Bank is key partner for growth’

Ondo State Governor Lucky Aiyedatiwa has underscored the importance of financial institutions in development. He spoke during the opening of a new branch of The Alternative Bank in Akure, the Ondo State capital recently.

The governor, who was represented by his Chief of Staff, Prince Olusegun Omojuwa, said: “The pivotal role of financial institutions to economic growth and development of any economy cannot be overemphasised. It provides access to capital, supporting small and medium-scale enterprises and encouraging savings. Therefore, I have no doubt in my mind that the presence of The Alternative Bank in Ondo State will deepen financial services, create employment opportunities and stimulate economic activities across various sectors.

“The Alternative Bank’s focus on ethical banking, innovation, inclusive finance aligns with our vision of shared prosperity and sustainable development. I encourage the bank to design products and services that will resonate with the indigenes of the state and emerging industries. By doing so, the bank will not only achieve commercial success but also make a meaningful impact on livelihoods.’’

 The Bank’s Executive Director, Commercial and Institutional Banking (Lagos and Southwest), Korede Demola-Adeniyi praised the state government’s leadership, outlining the bank’s long-term vision for the state.

“As Ondo State steps into its next fifty years, and into the future anchored on the sustainable development championed during the recent anniversary celebrations, The Alternative Bank is here to be the financial engine for that vision. With the launch of our presence in the state, we plant our first seed towards the next half century of Ondo’s prosperity,” Demola-Adeniyi said.

 The Deji of Akure Kingdom, Oba Aladetoyinbo Ogunlade Aladelusi, Odundun II, represented by High Chief Fulani Folorunsho, called on the bank to channel resources towards revitalising the state’s agricultural sector, particularly in cocoa and poultry value chains, which remain key drivers of Ondo’s economy.

The event also drew captains of industry and community leaders, including Caroline Omotosho, Managing Director, JohnVents; Adeola Adegoke, Global President/founder, Cocoa Farmers Alliance Association of Africa (COFAAA), Taiwo Ayoade, Deputy Managing Director, AgroTraders Limited; Oluleye Gideon, Chairman, Poultry Farmers Association; Sheikh Dr. Abdulhakeem Yayi Akorede Albarka, Grand Imam of Akure Kingdom.