LAPO's Godwin Ehigiamusoe Calls for Microfinance Reforms

At the 2nd Annual Microfinance Leadership Roundtable hosted by the LAPO Institute for Microfinance and Management Studies in Lagos, Godwin Ehigiamusoe, the Founder of LAPO, stated that microfinance institutions must undergo major structural shifts to transition from small-scale operations to resilient financial giants. He urged managing directors, CEOs, board members, and senior executives to pursue deliberate action and visionary leadership rather than mere incremental growth.

Ehigiamusoe identified leadership mindset and legacy operational structures as primary hurdles to expansion and recommended strengthening core pillars such as governance, financial controls, risk management, human capital, and technology. He emphasized the importance of conducting independent diagnostic reviews to identify systemic weaknesses and outlined how structural reforms had transformed LAPO into a benchmark for the sector.

He concluded that building large-scale microfinance banks is essential for national economic development, as they can generate sustainable mass employment and contribute to public revenue.