The Development Bank of Nigeria (DBN) said it has injected over N1 trillion into Micro, Small, and Medium Enterprises (MSMEs) across the country and created more than 1.2 million jobs.
The bank’s Managing Director, Dr Tony Okpanachi, disclosed this during an interview in Abidjan during the African Development Bank (AfDB) Annual Meetings.
Okpanachi described DBN’s progress as a significant milestone in its mission to enhance access to finance for Nigeria’s small businesses. “We are proud to report that at the end of 2024, DBN had disbursed over N1 trillion to MSMEs through our partner financial institutions.
“The support has helped to stimulate economic activity and improve livelihoods, especially at the grassroots.