FirstBank Crosses ₦1 Trillion Milestone in Instant Digital Loan Disbursement
FirstBank has recorded a landmark achievement, crossing the ₦1 trillion threshold in total instant digital loan disbursements, highlighting its pioneering role in the transformation of financial services and inclusion across Nigeria.
Since debuting its first digital loan offering in August 2019, FirstBank has built a cutting-edge, AI-powered lending ecosystem that eliminates traditional barriers such as collateral, paperwork, and in-person meetings. This system now serves around 1.5 million unique borrowers—comprising salaried workers, informal earners, and micro-entrepreneurs—through products like FirstAdvance, FirstCredit, and AgentCredit, accessible via USSD (\*894#), mobile apps, and agent networks .
According to Chuma Ezirim, Group Executive, e-Business & Retail Products at FirstBank, the milestone is not merely about the figures but the broader impact it signifies:
This landmark achievement highlights our drive to deliver inclusive, innovative, and customer-focused financial solutions that truly make a difference.
FirstBank is now disbursing over ₦1 billion in digital loans daily, underlining the enduring need for swift, tech-enabled financial solutions in Nigeria. The bank aims to intensify efforts toward digitally extending credit—especially to underserved and higher-risk sectors—balancing growth with responsible risk management.
By continuing to enhance its digital lending infrastructure, FirstBank is fueling financial resilience and economic opportunity for everyday Nigerians—from traders topping up inventory in Kano to young professionals in Lagos—reinforcing its status as a catalyst for both financial innovation and social development.