Development Bank of Nigeria holds 4th AGM

Development Bank of Nigeria

(L-R): DBN Managing Director/CEO, Tony Okpanachi, Executive Director, Ijeoma Ozulumba, Chairman DBN Board of Directors, Dr. Shehu Yahaya, and Representative of AfDB and EIB, Emmanuel Akinwunmi at the recently held AGM of the Bank in Abuja.


Development Bank of Nigeria (DBN), conceived by Nigerian government in collaboration with global development partners – World Bank, African Development Bank (AfDB), KfW Development Bank, French Agency for Development (AFD) and European Investment Bank (EIB) – held its 4th Annual General Meeting recently in Abuja.

Since its establishment four years ago, DBN has dutifully continued to deliver on its core mandate of alleviating financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through provision of finance, partial credit guarantees and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.

DBN has till date impacted no less than 95,000 MSMEs and disbursed over N151 billion, according to information from the organisation.

READ: Development Bank of Nigeria disburses over N100 billion to 95,000 MSMEs


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