The Alternative Bank, alongside industry stakeholders, is charting a new pathway for the empowerment of Nigeria’s growing tech talents.
The back gave the commitment at the recent Jericho Businessmen Club’s (JBC) third annual Socio-Economic Summit. The summit discussed sustainable economic models, with a particular focus on how the business community can actively bridge the digital skill gap among local youth.
The event also served as a critical platform to foster synergy between business leaders and the academic community, highlighting the urgent need for investment in capacity building to ensure Nigeria remains competitive in the global digital economy.
The Alternative Bank emphasised that genuine nation-building must be anchored in human capital development, moving beyond conventional financing to provide ecosystem support, mentorship, and access to resources for young innovators.
Korede Demola-Adeniyi, executive director (South) of The Alternative Bank, underlined the bank’s philosophy, stating:
“Technology is the most potent equaliser in modern commerce, and by investing in the technological upliftment of our youth, we are future-proofing our economy.
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“We believe in providing alternatives not just in finance, but in opportunity, ensuring that local talent have the tools and environment to compete globally.”
Demola-Adeniyi also noted that the bank will be exploring strategic partnerships identified during the summit to roll out bespoke non-interest financing schemes tailored specifically for tech entrepreneurship and vocational skill acquisition programs.
The initiative aims to transform local innovation hubs into centres of excellence capable of producing world-class solutions.
The bank’s commitment aligns with Nigeria’s broader macroeconomic goals, as a robust technology sector is pivotal for diversifying Nigeria’s revenue base beyond oil. By empowering the tech community, the bank will be fostering an ecosystem that attracts foreign direct investment, reduces youth unemployment, and stimulates the creation of high-value services.
These efforts are essential for building a resilient economy capable of sustaining long-term growth and positioning Nigeria as the premier digital hub of Africa.
Demola-Adeniyi said the outcomes from the Jericho Business Summit reinforce The Alternative Bank’s mandate to drive inclusive economic growth and support sustainable, impact-driven projects that benefit the wider community.