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TONY OKPANACHI
The Development Bank of Nigeria (DBN) is scaling up its commitment to Nigeria’s Micro, Small, and Medium Enterprises (MSMEs) sector, with plans to grow its outstanding loan portfolio to over N1.8 trillion as part of its new five-year strategic plan.
There are issues with interest-based banking and loans in the north
Despite the growing number of lenders in Nigeria, DBN's Tony Okpanachi revealed three factors influencing lack of financing in the MSMEs sector.
Tony Okpanachi, the Managing Director (MD), Development Bank of Nigeria (DBN), has disclosed that the bank will disburse N70 billion...