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DBN accelerates N787 billion disbursement to MSMEs, prioritises women

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As part of efforts aimed at improving access to finance for small business owners across the country, Development Bank of Nigeria

said it has disbursed more than N787 billion to over 495,000 micro, small, and medium-scale enterprises said it has disbursed more than N787 billion to over 495,000 micro, small, and medium-scale enterprises in the year 2023.

Reflecting on DBN’s impact in 2023, the Managing Director/CEO, Dr Tony Okpanachi, highlighted that it has been another significant year for the bank. He emphasized that DBN continues to make meaningful contributions to the growth and development of Nigeria’s economy. He said as Nigeria strives towards sustainable development and economic resilience, following the policy reforms of the current administration, the bank remains committed to supporting MSMEs to unlock their full potential as catalysts of inclusive growth and prosperity, through continued collaboration with stakeholders and strategic partners.

said it has disbursed more than N787 billion to over 495,000 micro, small, and medium-scale enterprises No fewer than 1000 persons were affected by Dana Air’s recent termination of the appointment of workers, pending the outcome of the ongoing operational audit of the airline. For the first four months of 2024, Lagos, Rivers, Abuja and Enugu have emerged as the topmost destinations where telecoms operators recorded the highest forms of fibre cuts.

Source: News Formal (newsformal.com)

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