By Adelabu Jumoke
Auto Bucks Lenders Limited (ABL), a financial services institution growing small and medium enterprises (SMEs), has launched a new branch in Abuja with a renewed focus on clean energy financing.
The expansion marks a milestone in the company’s strategic plan to scale its presence in Nigeria and deepen its impact on key economic sectors.
Speaking on the bank’s strategic direction, Acting Chief Executive Officer, Adetoun Olasunkanmi, noted that one of the institution’s priorities in Abuja will be renewable energy financing, recognising its transformative potential for economic growth and environmental sustainability.
She reaffirmed that the bank’s tailored SME credit solutions remain accessible to other vital sectors, including food and agribusiness, hospitality, education, beauty and wellness, pharmaceuticals, manufacturing, and more. This approach underscores its commitment to driving inclusive growth and supporting diverse industries that contribute to Nigeria’s economic development.
“Targeting the renewable energy sector in Nigeria presents a strong business case for Auto Bucks Lenders,” said Adetoun. “From our experience, we have seen how access to affordable and reliable energy can reduce operational costs for SMEs. Abuja presents a unique opportunity, not only due to its wide landmass and abundant solar potential but also because of the high cost of electricity that continues to stifle business productivity.”
The company, which currently operates in Lagos, Ibadan, and Ogun states, has established a reputation for supporting SME through customised credit offerings. With over N65 billion in loan disbursed across its network, Alert Group, through the operational strength of Auto Bucks Lenders, continues to respond effectively to Nigeria’s entrepreneurial financing gap.
Auto Bucks also plans to collaborate with Green Bucks Limited, a new subsidiary under its holding company. Green Bucks will offer Energy-as-a-Service (EaaS) solutions, providing complete solar energy systems and energy management for SMEs and commercial clients, with Auto Bucks delivering flexible financing.
The acting chief executive also noted the company’s impressive performance in Ibadan, where the branch recorded zero Portfolio at Risk (PAR) in its first year of operation. She emphasised that similar operational excellence is expected in Abuja and all future locations.
“Our Ibadan office remains a benchmark for portfolio performance, and we are committed to replicating this outstanding record in Abuja. All necessary credit and risk management structures are in place to ensure strong loan performance across our network,” she stated.
Auto Bucks Lenders Limited remains committed to advancing financial inclusion and promoting sustainable development by providing businesses across Nigeria with the financial support they need to succeed in a clean energy-powered economy. The goal is to become a trusted financial partner that supports long-term growth for SMEs through customised lending solutions.
