Baobab Microfinance Bank has officially inaugurated its new Head Office in Lagos, a move the institution describes as a pivotal milestone in its mission to drive financial inclusion and bolster operational excellence for micro, small and medium-sized enterprises across the nation.
The relocation to the heart of one of Lagos’s primary commercial corridors, according to the bank on Wednesday, is designed to enhance internal capacity and improve service delivery efficiency. To maintain operational continuity during this transition, the bank has designated its existing offices at 16E Ahmadu Bello Way, Kaduna, and 360 Murtala Muhammed Way, Yaba, Lagos, as Head Office Annexes.
Reflecting on the significance of the expansion, the Chairman of the Board of Baobab Microfinance Bank, Rotimi Oyekanmi, stated: “The commissioning of our new Head Office is a significant milestone in Baobab Nigeria’s growth journey. It reflects the strength of our vision, the resilience of our institution, and our unwavering commitment to expanding access to financial services while delivering long-term value to our customers and stakeholders.”
The new headquarters is intended to function as a central hub for innovation and strategic decision-making as the bank adapts to the evolving needs of the financial ecosystem.
Also speaking, the Chief Executive Officer of Baobab Microfinance Bank Nigeria, Eric Ntumba, highlighted the strategic nature of the new facility, saying: “This new head office positions us to operate more effectively, collaborate more seamlessly, and continue delivering innovative financial solutions to the individuals and businesses we serve.
It reinforces our mission to make financial services more accessible, inclusive, and impactful.”
The expansion comes at a time of rising demand for reliable financial services among Nigerian MSMEs, a segment the bank identifies as the backbone of the economy. This growth trajectory is part of a broader continental strategy, according to Group Chief Executive Officer Philip Sigwart, who expressed his confidence in the bank’s long-term ambition:
“Baobab Nigeria’s continued growth reflects the strength of our broader African footprint and our commitment to building a leading financial services group across the continent.
From our headquarters in Paris to our operations across Africa, we remain focused on delivering inclusive, high-impact financial solutions, and this new Head Office in Lagos is a strong testament to that ambition. As part of our growth strategy, we are also focused on expanding our presence by opening an additional 100 branches in the near future to better serve the evolving needs of Nigerian MSMEs.”
As the bank looks towards the future, it remains focused on leveraging technology and a customer-centric approach to deepen its impact and drive sustainable economic growth in Nigeria.
By moving to this corridor, the bank places itself directly in the path of thousands of traders, transporters and small business owners who commute through this central axis daily.
