Development Bank of Nigeria
Development Bank of Nigeria
About

The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the major financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.

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

Because their mandate fully supports the stimulation of diversified and inclusive growth, DBN will contribute to alleviating specific financing constraints that hamper the growth of domestic production and commerce by providing targeted wholesale funding to fill identified enterprise financing gaps in the MSME segment.

MSMEs are, collectively, the largest employers in many low-income countries including Nigeria, yet their viability is being threatened by lack of access to risk-management tools such as savings, insurance and credit. Indeed, their growth is often stifled by restricted access to credit, equity and payments services.

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Company Offices

  • Nigeria (headquarters)
  • Abuja
  • Plot 1386A Tigris Crescent, Maitama,