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Ondo state governor, Lucky Aiyedatiwa has welcomed the entry of The Alternative Bank (AltBank) into his state, expressing optimism that the new branch will unlock jobs and accelerate economic growth across key sectors.
The official launch, attended by top dignitaries, marked another step in the bank’s national expansion drive and its push to deepen ethical finance and inclusive banking. Represented by his Chief of Staff, Prince Olusegun Omojuwa, the governor described the bank’s arrival as timely and strategic.
He emphasised the critical role of financial institutions in driving development, noting that AltBank’s focus on ethical banking, innovation, and inclusive finance aligns with Ondo State’s broader vision of shared prosperity and sustainable progress.
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AltBank’s Executive Director, Commercial and Institutional Banking, Korede Demola-Adeniyi, laid out an ambitious blueprint for the state. She said the bank would prioritise agriculture, SMEs, and export-focused agribusinesses, providing production financing, expansion support, and structured trade facilities. The bank is targeting cocoa aggregators, processors, and poultry operators for tailored funding interventions designed to strengthen value chains and boost productivity.
The event attracted traditional rulers, business leaders, and community stakeholders who applauded AltBank’s transparency-driven and community-focused approach. The Deji of Akure Kingdom, Oba Aladetoyinbo Ogunlade Aladelusi, urged the bank to channel significant resources into revitalising the state’s agricultural backbone, particularly cocoa and poultry production.
With its Ondo launch, AltBank reinforces its mission to deliver innovative, non-interest banking solutions to individuals, small businesses, and corporate clients, positioning itself as a catalyst for sustainable growth and broader economic inclusion in the state.
