(Okada, Edo State, Nigeria)

On May 15, 2026, a delegation from Shanghai Jianhang Investment Co., Ltd. visited the headquarters of Okada Microfinance Bank in Edo State. They held in-depth discussions with the bank’s Managing Director, Dr. Timothy, and other members of the management team, reaching an important consensus on future areas of cooperation.

Okada Microfinance Bank holds a microfinance banking license issued by the Central Bank of Nigeria (CBN) and has long been deeply rooted in the local market. During the meeting, the bank presented its current operational status and future development vision. Based on the letter of intent previously submitted to Shanghai Jianhang, the two parties focused their discussions on two key areas: capital injection and technological empowerment. Shanghai Jianhang plans to provide capital to support the bank in upgrading its license category and expanding its business scale, while simultaneously deploying digital banking services and mobile payment solutions to comprehensively enhance its financial service capabilities.

The Shanghai Jianhang delegation expressed its recognition of Okada Microfinance Bank’s achievements in deepening its presence in the local market, noting that Nigeria’s microfinance market is experiencing clear growth and strong demand for digital lending, and that compliant operators are facing significant development opportunities. Both sides agreed that a “capital plus technology” dual-drive model will lay a solid foundation for cooperation, and reached a preliminary consensus on advancing relevant compliance .

This visit marks a transition from preliminary discussions to substantive progress and injects new momentum into Shanghai Jianhang’s strategic expansion in Nigeria’s inclusive finance sector.