DBN’s ₦1.4tn MSME funding reaches 1.6m jobs as bank targets two million businesses
The Development Bank of Nigeria (DBN) says its cumulative disbursements of ₦1.4tn to micro, small and medium enterprises… The post DBN’s ₦1.4tn MSME funding reaches 1.6m jobs as bank targets two million businesses appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .
The Development Bank of Nigeria (DBN) has disbursed a cumulative ₦1.4tn to micro, small and medium enterprises (MSMEs), creating approximately 1.6 million jobs nationwide by December 2025. The bank aims to support over two million MSMEs, focusing on women-owned businesses, youth-led enterprises, and enterprises in states with limited financing access.
Under its new five-year strategy, DBN plans to expand its reach to more than two million MSMEs, prioritizing gender-focused lending and addressing financing barriers for small businesses.
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