Richway Microfinance Bank has been recognized for its outstanding contributions to entrepreneurship and economic growth in Nigeria. The Development Bank of Nigeria (DBN) has awarded Richway MfB the 2023 Award for Microfinance Bank with the Highest Impact on Start-Ups, acknowledging its commitment to fostering entrepreneurship and empowering small businesses.
Since its inception, Richway Microfinance Bank has been a leader in providing accessible financial services to underserved communities. The bank’s focus on start-ups has set it apart, offering tailored loan products, savings and investments products, and business advisory services. In 2023, Richway MfB extended its reach to over 500 start-ups, providing critical support and helping entrepreneurs build sustainable business models.
The award highlights Richway MfB’s dedication to driving innovation and entrepreneurship, key drivers of Nigeria’s economic diversification efforts. The Managing Director, Mr. Adenrele Oni, expressed his gratitude and reiterated the bank’s commitment to continuing its mission of empowering entrepreneurs and contributing to Nigeria’s economic development.
The award ceremony was held in Lagos, where the DBN’s Business Development & Relationship Manager, Mr. Bamidele Elesho, presented the award to Mr. Oni. The DBN’s Chief Operating Officer, Mr. Bonaventure Okhaimo, also presented an award to Richway MfB, acknowledging its impact on start-ups.
Richway Microfinance Bank’s commitment to entrepreneurship and economic growth has made a significant impact in Nigeria. The bank’s plans to expand its offerings and reach even more start-ups in the coming years will undoubtedly continue to drive innovation and entrepreneurship in the country.
