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alt bank has launched six AltBoxes across Agege Local Government Area of Lagos State as part of efforts to expand access to banking services and establish a presence in all seven wards of the council.
The initiative, launched in partnership with Agege Local Government, is designed to bring banking services closer to residents, traders, individuals and small business owners through community-based facilities.
At the launch ceremony, attended by representatives of the bank, local government officials, community stakeholders and residents, the Group Head, Institutional Banking Core North, Abimbola Ojo, said the initiative reflected the bank’s commitment to making financial services more accessible.
Ojo, who spoke on behalf of the bank, said the AltBox initiative was aimed at supporting local economic activities, promoting financial inclusion and creating employment opportunities within communities.
She said the bank viewed banking as more than the provision of financial services, stressing the need to develop solutions that respond to how people live, work and conduct business.
“At alt bank, we see banking as more than the provision of financial services. It is about enabling people and businesses to realise their potential, participate more fully in the economy and build lasting prosperity.
“This requires us to develop solutions that are built around how people live, work and do business. Our approach is anchored in a simple belief: wealth creation should be ethical, meaningful, inclusive and within reach of more people,” she said.
The six facilities in Agege form part of a broader plan to establish an AltBox in each of the local government’s seven wards, extending the bank’s presence and bringing more residents and businesses closer to formal financial services.
The bank said its partnership with the local government underscored the importance of collaboration in expanding financial inclusion and strengthening economic participation at the grassroots.
It added that the AltBox network, which already has a presence in communities across the country, was part of its wider strategy to connect individuals and businesses to the formal financial system through practical, community-based banking solutions.
alt bank said it would continue to pursue initiatives that expand access to financial services and welcomed partnerships with other local and state governments committed to advancing financial inclusion.
