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Baobab Nigeria, a subsidiary of Baobab Group, is a financial service provider for micro, small, and medium-sized enterprises across Nigeria.

“This initiative is a testament to our ongoing efforts. From providing micro-loans to small businesses and supporting women entrepreneurs, to sponsoring educational programs in underserved areas, Baobab is committed to making a meaningful difference,” the Acting Chief Executive Officer of Baobab Nigeria, Eric Ntumba, said in a release.

He further highlighted the project’s alignment with Baobab’s dedication to education, stating, “Education is a powerful tool for change. By financing school fees, we’re not just investing in these children’s futures but also their families and our community. Our goal is to extend this support to at least 2,000 widows under 40 by 2028.”

The Chief Executive Officer of the Patrick Stephen Purple Heart Foundation, Oluwaseun Stephen, expressed her gratitude, noting, “This has changed everything for many widows in the foundation. A lot of children’s education has been secured, and I am beyond thankful to Baobab Nigeria. It has indeed taken a huge weight.”

Baobab Nigeria’s recently launched savings app, Jollof+, has recorded over N1.3bn in savings 64 days after its debut.

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