Illustrative picture of small and medium enterprises (SMEs)... [Credit: BusinessDay | X]
The Development Bank of Nigeria has disbursed more than N1tn to Micro, Small and Medium Enterprises through participating financial institutions since it commenced operations in 2017.
The bank disclosed this in a review of its operations up to December 2025, highlighting achievements in lending, capacity building, job creation and credit guarantees.
Speaking in Lagos on Wednesday, the Managing Director, DBN, Dr Tony Okpanachi, said the bank has onboarded 84 participating financial institutions comprising deposit money banks, microfinance banks, merchant banks and other financial institutions, while disbursing over N1tn to businesses nationwide.
In a presentation, he explained that the bank facilitated more than one million end-beneficiary loans, with women accounting for 77 per cent of beneficiaries and youths representing 28 per cent.
