Development Bank of Nigeria (DBN)

Project Name:

  • Development Bank of Nigeria

Project Sector:

  • Financial Services

Project Sponsors:

  • Development Bank of Nigeria

Commencement Date / Closure Date / Completion Date

  • 22 December 2017

Project Location (Region or State):

  • Abuja, FCT

Project Description:

  • The Development Bank of Nigeria (DBN) is a wholesale finance institution that obtains funding from local and international capital markets and on-lends through commercial banks and restructured development banks to Micro, Small and Medium Scale Enterprises (MSMEs).

Benefits / Impact (Social, Economic & Others):

  • DBN has helped alleviate financing constraints faced by MSMEs and small corporates in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries on a market-confirming and fully financially sustainable basis.
  • A total of N324billion has been disbursed to MSMEs with a total of 134,855 MSMEs reached
  • Women empowerment initiative with N34billion disbursed to 77,800 women led MSMEs

Project Cost / Size:

  • NA

Funding structure:

  • Equity (Held on behalf of the Federal Government of Nigeria)

NSIA’s interest:

  • NA

Partners:

  • European Investment Bank, African Development Bank, Federal Government of Nigeria (NSIA and MOFI are tasked with holding the shares on behalf of the FGN)