The Development Bank of Nigeria (DBN) is scaling up its commitment to Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) sector, with plans to grow its outstanding loan portfolio to over N1.8 trillion as part of its new five-year strategic plan.
The DBN’s Managing Director, Tony Okpanachi, stated this while speaking with newsmen in Lagos.
He added that the bank is looking to mobilise N3 trillion in debt and equity to boost access to finance for MSMEs, which is a critical sector for Nigeria’s economic growth and job creation.
