DBN makes a case for Increased MSMEs Funding With Lecture Series


Monday, July 22, 2019   /  9.00AM  /  DBN / Header Image Credit: Plus TV Africa


Development Bank of Nigeria (DBN), has further shown its commitment to the needs of the sector by driving the call for MSMEs funding through the maiden edition of its Lecture Series scheduled to take place at the Congress Hall, Transcorp Hilton Hotel, Abuja on July 29, 2019.

The lecture series is a thought leadership initiative, which provides a platform for a robust exchange of ideas to meet the challenges and opportunities that exist in the MSME segment of the economy.

According to the Managing Director, DBN, Mr. Tony Okpanachi, the lecture series is one of the ways to further strengthen the economy by ensuring that MSMEs are adequately empowered to continually contribute effectively to the Gross Domestic Product (GDP) of the nation.

In his words, “MSMEs in any clime are the backbones for inclusive economic growth. In advanced economies, small businesses have been seen to be the driving force in achieving growth in all sectors of the economy they operate.”

He noted that the central objective is to broaden the understanding of the challenges and critically examine practical steps to resolve some of the obstacles that constrain growth within the segment.

Development Bank of Nigeria (DBN) is a wholesale bank that was conceived by the Federal Government of Nigeria in collaboration with global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria. The bank lends to Participating Financial Institutions (PFIs) Microfinance banks, Commercial banks, existing retail DFIs and leasing companies who in turn lend to MSMEs.

DBN’s objective is to alleviate financing constraints faced by MSMEs in Nigeria through the provision of financing and partial credit guarantees to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.

The bank expects that people from the various financial institutions, Policy Makers, Regulators, and operators in the MSME segment would attend the lecture.


Proshare Nigeria Pvt. Ltd.


Related News

1.    How The Buhari Administration Should Approach MSME Development - Muda Yusuf

2.    Business Tips For Nigerian Entrepreneurs by Folorunso Alakija

3.    10 Takeaways from Development Bank of Nigeria Year to Date Business Presentation

4.    Smart Enterprise Session

5.    Microsoft 4Afrika Partners FirstBank To Support SMEs

6.    FirstBank Sustainability Centre Hosts SME Conference to Drive Made in Nigeria Goods

7.    Startup Pitch Challenge Announced as Part of FinTech Nigeria Forum

8.    Here are 12 Malaysian Startups That Recently Got Funded

9.    Bamba, a Boutique African Data Collection Agency, Raises $1.1m in First Seed Round

10. Startups, It Is Time To Apply! The Innotribe Startup Challenge Returns To Africa

11. Uber and Lagos partner to provide Access to Groundbreaking Vehicle Finance for Lagos Entrepreneurs

12. Singapore entrepreneur Chong Kim Whey on how small steps can help you win big business

13. HiTV 101 – Business Lessons for Start-Ups

14. FirstBank Partners Nigerian-British Chamber of Commerce to drive MSME Growth.

15. SMEs: Seek Angel investors, not banks, for funding – Expert warns

16. AbdulRaheem, 23yr-old Alton's new Technology could create more efficient energy,solve power shortage

17. Elumelu calls on African governments and donors to treat farmers as entrepreneurs

18. Ann Makosinski: A Beautiful Mind, Creator of Body Heat Flash Lights

Proshare Nigeria Pvt. Ltd.


Related News