Baobab MfB disburses N40bn loans in 12 months

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The Chief Executive Officer, BaoBab Nigeria, Dr Olanrewaju Kazeem, has said the organisation is supporting its customers to grow and has given out about N40bn loans in the last one year.

One of the changes experienced by the Mfb, he said, was in the area of digitisation because it had introduced the Baobab app to provide opportunity for online transactions.

Speaking on the recapitalisation that was introduced into the sector by the banking regulator, he said, “Between last year and now, we are fully recapitalised and nobody needs to worry about regulatory intervention. While speaking on insecurity in the country, he said the government had been trying to curb the menace but needed to do more to curb the effect on businesses.

 

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