Alternative Bank Drives Technological Empowerment for Nigerian Youth at Jericho Socio-Economic Summit

From Dooshima Terkura , Makurdi

The Alternative Bank, one of Nigeria’s leading institutions championing sustainable financial services, has partnered with key industry players at the Jericho Businessmen Club’s (JBC) third Annual Socio-Economic Summit to map out strategies for strengthening the nation’s rapidly growing tech talent ecosystem.

The Summit, which focused on high-level conversations around sustainable economic models, emphasized the need for the business community to take active steps toward closing the digital skills gap among young Nigerians.

Serving as a significant convergence point for business leaders and academia, the event underscored the urgency of investing in capacity development to keep Nigeria competitive in the global digital landscape.

In a statement issued on Sunday, the Executive Director (South) of The Alternative Bank, Korede Demola-Adeniyi, stressed that true nation-building must be rooted in human capital development. He noted that the Bank’s mission goes far beyond traditional financing—extending to ecosystem support, mentorship, and providing access to critical resources for young innovators.

Demola-Adeniyi explained the Bank’s guiding principle, remarking that “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.”

He added that the institution aims to offer not only financial alternatives but also opportunities that equip local talents with the tools required to compete at a global standard.

He further revealed that the Bank will explore strategic partnerships identified at the summit to introduce tailored non-interest financing options specifically designed for tech entrepreneurship and vocational skills development.

According to him, the initiative seeks to transform local innovation hubs into world-class centres capable of producing globally competitive solutions.

Demola-Adeniyi noted that The Alternative Bank’s efforts align with Nigeria’s broader macroeconomic aspirations, highlighting the importance of a strong technology sector in diversifying the nation’s revenue streams beyond oil.

He stated that “By empowering the tech community, the Bank will be fostering an ecosystem that attracts foreign direct investment, reduces youth unemployment, and drives the creation of high-value services.”

He added that such interventions are key to building a resilient economy capable of long-term growth and positioning Nigeria as Africa’s leading digital powerhouse.

The discussions and resolutions at the Jericho Business Summit, he said, reinforce The Alternative Bank’s commitment to driving inclusive economic development and supporting impactful, sustainable initiatives that uplift communities across the country.

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