Development Bank of Nigeria
Project Details
Sector
Services
Commencement Date
December 22, 2017
Completion Date
NA
Participants
NSIA, DBN
StateS
Abuja
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 N322billion has been disbursed to MSMEs with a total of 233,974 MSMEs reached
Women empowerment initiative with N68billion disbursed to 156,407 women led MSMEs
PARTNERS
