Development Bank of Nigeria's Okpanachi Promotes Job Creation

Tony Okpanachi, the Managing Director of the Development Bank of Nigeria, addressed the IMF/World Bank Annual Meetings in Bangkok, Thailand, discussing the potential of expanding finance for micro, small, and medium-sized enterprises (MSMEs) to create millions of quality jobs in Nigeria. He highlighted the significance of job creation, particularly for developing countries like Nigeria, which faces challenges related to unemployment and a youthful population.

Okpanachi noted that the meetings provided a platform for Nigeria to showcase its reforms and investment opportunities to the global community. He mentioned the positive feedback from funding partners regarding the Development Bank of Nigeria's efforts, including the creation of approximately 1.2 million jobs since its establishment.

The discussions also focused on future collaborations to enhance access to finance, technical skills, and market opportunities for small businesses in Nigeria.