Preferred Finance Company Limited (PFCL) has officially opened its doors in Abuja, marking a significant milestone in Nigeria’s financial sector and signalling a new era of inclusive financial services for underserved communities.
The grand opening, held at Infinity House in Area 3, was graced by prominent dignitaries, including government officials, financial regulators, industry captains and faith leaders. The highlight of the event was a keynote address delivered by Dr. Nurudeen Abubakar Zauro, Technical Advisor to the President on Economic and Financial Inclusion and Head of the Presidential Committee on Economic and Financial Inclusion (PreCEFI).
In his address, Dr. Zauro commended PFCL’s leadership and described the launch as “a bold beacon of Nigeria we are determined to build, a nation where prosperity is democratised and opportunities are unlocked for all.” He emphasised the administration’s commitment to a $1 trillion economy by 2030, grounded in inclusion, innovation, productivity and resilience. According to him, PFCL’s mission aligns with the national push for economic empowerment and financial inclusion under the Aso Accord.
Welcoming guests, Dr. Olasehinde Olakunle Sunday, Founder and CEO of PFCL, expressed gratitude and described the company’s journey as one rooted in faith, vision and strategic expansion. “This milestone is not just about opening a finance company; it is the fulfilment of a purpose to provide accessible and innovative financial solutions to our people,” he said.
PFCL, a subsidiary of Guarantee Multipurpose Cooperative Society Limited, is licensed by the Central Bank of Nigeria to offer a broad range of services, including loans, financial advisory, asset and project financing, and non-interest finance products. The cooperative, founded in 2012, has over 10,000 members and a strong track record of profitability and community impact.
The company also highlighted its early contributions to social development, including installing surveillance systems at Lomina Orphanage and sponsoring the education of 25 indigent students.
With a mission to connect investors and businesses through innovative financial tools and a promise to uphold core values encapsulated in the acronym “PREFERRED,” PFCL aims to become a trusted partner for individuals and enterprises seeking reliable financial solutions.
As dignitaries, stakeholders and guests applauded the initiative, the launch of PFCL was hailed as a step forward in the country’s economic transformation, particularly in empowering MSMEs and fostering inclusive prosperity.