Alternative Bank Reaffirms Commitment to Financial Inclusion, Earns Dual Recognition for Social Impact

By Dorcas Francis Koji

The Alternative Bank has reaffirmed that expanding access to financial services remains essential to Nigeria’s long-term economic growth, saying sustainable development can only be achieved when individuals and businesses are empowered to participate fully in the economy.

The bank made the assertion after receiving two separate awards recognising its contributions to sustainable development, financial inclusion and humanitarian partnerships.

According to a statement issued by the bank on Thursday, it received the Champion of Sustainable Development Award during the Africa Social Impact Summit 2026 Impact Capital Dinner held in Lagos. It was also honoured with the Distinguished Humanitarian Partnership Award by the National Association of Nigerian Visually Impaired Students (NANVIS), University of Lagos Chapter, during the association’s 20th anniversary celebration.

The bank noted that although the awards were presented by different organisations, both recognised its commitment to promoting inclusive economic participation and supporting communities that are often underserved by traditional financial systems.

Speaking on the recognition, the Executive Director, Commercial and Institutional Banking (Lagos and South-West), Korede Demola Adeniyi, said financial services deliver greater value when they create opportunities for more people.

“Finance delivers its greatest value when it expands opportunity. Sustainable growth is achieved by supporting businesses, strengthening communities and ensuring more people have access to the tools they need to succeed. Anything less leaves the job unfinished,” Demola-Adeniyi said.

The bank explained that the Champion of Sustainable Development Award was presented during the Africa Social Impact Summit Impact Capital Dinner, organised by the Sterling One Foundation in partnership with the United Nations Population Fund (UNFPA) and supported by the MacArthur Foundation.

The summit convened business leaders, policymakers, investors and development partners to explore practical approaches to financing Africa’s development priorities.

According to the bank, the award reflects its commitment to responsible finance and initiatives that promote economic inclusion while strengthening communities.

The Distinguished Humanitarian Partnership Award, it added, recognises its collaboration with organisations advancing disability inclusion, access to education and broader community development initiatives.

The Head of Corporate Social Investment at The Alternative Bank, Solomon Okonkwo, said meaningful inclusion requires removing barriers that prevent people from contributing to society and the economy.

“Inclusion becomes meaningful when people can learn, work and contribute without unnecessary barriers. We remain committed to partnerships that expand access and create opportunities for individuals and communities to thrive,” Okonkwo stated.

The bank said the recognitions reinforce its broader commitment to responsible banking, strategic partnerships and sustainable development, while supporting wider economic participation across diverse segments of society.