Nigeria: Addosser MFB Strengthens Presence in Lagos With 25th Branches

29 January 2025

Addosser Microfinance Bank proudly announces the opening of its 25th branch in Lagos, located in the heart of Ogba.

Since its establishment in 2008, the bank has steadily grown as a key player in supporting Micro, Small, and Medium-sized enterprises (MSMEs) and driving financial inclusion in Nigeria.

Speaking at the branch opening, Mr. Bayo Fabiyi, Managing Director of Addosser Microfinance Bank, shared: "Reaching this milestone is a testament to the trust our clients have placed in us and the dedication of our team. Our 25th branch is not just a building--it's a symbol of our promise to empower lives and businesses. We remain committed to driving innovation, expanding access to finance, and fostering economic development in the communities we serve."

Addosser MFB currently disburses over N4 billion monthly to MSMEs and plans to increase this to N5 billion in 2025 by leveraging its growing branch network and the soon-to-be-launched SME digital bank.

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