Alert Group Plans Expansion, N130bn Loan Disbursement

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The Alert Group has announced plans to disburse N130 billion in loans in 2026 as part of its strategy to expand financial services and support Micro, Small, and Medium Enterprises (MSMEs) across Nigeria.

The announcement was made during a media briefing in Lagos on Tuesday by Group CEO Olanrewaju Kazeem, who also outlined the company’s growth achievements and future plans. The Alert Group comprises Auto Bucks Lenders, Alert Microfinance Bank, Green Bucks Limited, and Bucksfield Asset Management.

Kazeem highlighted that the group’s total assets have grown from N2.9 billion in 2023 to N63 billion at the end of 2025, with a customer base now exceeding 60,000. He emphasized that the expansion of Alert Microfinance Bank, which currently operates 10 branches, is underway, with a national licence expected to allow operations nationwide.

Auto Bucks Lenders, the group’s microfinance arm focused on SME lending, plans to increase its loan disbursement to N50 billion in 2026. Since inception, it has disbursed over N40 billion to more than 2,000 SMEs, with an active customer base of 800. Loans will be primarily directed to SMEs with verifiable records, while less than five per cent will be allocated to consumer financing.

On branch-specific lending, loans from Lagos branches start at N5 million, while branches outside Lagos issue loans from N2 million. Adetoun Olasunkanmi, CEO of Auto Bucks, stressed that robust credit assessment and risk management frameworks are in place to ensure responsible lending.

The group also announced the February launch of the GoldBucks investment app, described as a financial “supermarket” enabling Nigerians in urban and rural areas to save, invest, and grow assets efficiently.

In renewable energy, Green Bucks Energy has installed over 100 solar power systems for businesses and plans to expand support to at least 1,000 enterprises in 2026. The initiative allows businesses to pay over one to two years, easing capital outlay while increasing energy access.

The Alert Group has also scaled up its corporate social responsibility programmes, which include scholarships, free eye tests, and clean water projects. In 2025, the group provided free eye tests for over 400 people and contributed N2 billion to clean water initiatives. In 2026, it aims to distribute at least 1,000 eyeglasses and further expand its impact in education, water, and healthcare.

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