DBN Disburses N1.1 Trillion to Boost Nigerian Businesses

Development Bank of Nigeria (DBN) disbursed N1.1 trillion to 700,000 businesses, mainly Micro, Small, and Medium Enterprises (MSMEs) across the country. The Managing Director, Tony Okpanachi, revealed this during the bank's annual lecture in Abuja.

The disbursement aims to support MSMEs and boost job creation and economic growth. Okpanachi emphasized the importance of financial access for MSMEs and highlighted the government's initiatives to promote collaboration and policy formulation in the sector.

The significant amount disbursed reflects DBN's commitment to fostering entrepreneurship and sustainable business growth in Nigeria. The bank's efforts align with national strategies to empower MSMEs and drive economic development.