Development Bank of Nigeria Plc

We are delighted to invite you to the Opening Ceremony of the GAIN Entrepreneurship Masterclass for Women in Nigeria 3.0. Join us as we discuss "Empowering Women Entrepreneurs: Strategies for Success.” This event is not just for the selected applicants, but OPEN TO EVERYONE! Date: Friday, 25th October, 2024 Time: 1PM WAT Venue: Zoom Registration link: https://lnkd.in/djcxFBnB See you there! This masterclass is proudly sponsored by Development Bank of Nigeria PLC. #GAIN #GAINDBN #GAINWOMEN #GAINEntrepreneurs #Grandafricainitiative #mentorship #women #innovation #youth #youthdevelopment #business #businessgrowth #gaindbn #masterclass #naijawomen #businesswoman #womenempowerment #womeninbusiness

Yesterday I had a fantastic time moderating a session on Climate Financing Strategies at the 2024 Africa Climate Forum. My job was made easy as I had the most knowledge panel ever straddling both public and private sectors and their respective approaches towards climate investment. Most interesting out of the many ‘a-ha’ moments were the models for investment currently being adopted and the response of local climate related industries to adapting internal strategies to secure available funding on the continent. Of course representing Development Bank of Nigeria Plc at this event, I had to slip our status as Nigerias Direct Access Entity to the Green Climate Fund and that turned me from moderator to a panelist due to the barrage of questions afterwards lol. Still, there are worse ways to spend a Monday! Here’s to the rest of the week! Gori Olusina Daniel PhD Jobson Oseodion Ewalefoh, PhD Pradeep Pursnani Chibueze Ekeh

Earlier this week, our MD and other senior management staff attended the signing ceremony for the Declaration of Commitment to the Women Entrepreneurs Finance Initiative (We-Fi) code. The initiative involved the Central Bank of Nigeria (CBN), in collaboration with us and the Bank of Industry Limited (BOI). We remain committed to following global best practices and empowering women entrepreneurs while promoting gender equality. Here are some pictures from the event. #WEFI #DBN #GenderEquality #WomenEntrepreneurs #FinancialInclusion

Today, we celebrate the incredible potential of every girl child! Let's work together to create a world where girls can pursue their dreams, break barriers, and shape their own futures. Happy International Day of the Girl Child! #GirlsVisionForTheFuture #InternationalDayofTheGirlChild #DBN

Thank you to our incredible Participating Financial Institutions (PFIs) for working with us to bridge the gap and provide essential financing to MSMEs in Nigeria. Your support is making a real difference in the lives of Nigerian entrepreneurs. Today, we celebrate our PFIs, especially for living Above and Beyond, in our collaboration towards alleviating the financial constraints faced by MSMEs in having access to finance. Happy Customer Service Week! 💙 #DBNCSW #MSMEs #CustomerServiceWeek #DBNCustomerserviceweek #AboveandBeyond

Exciting news!! Development Bank of Nigeria (DBN) has partnered with Grand Africa Initiative -GAIN to launch the third edition of the GAIN Entrepreneurship Masterclass for 350 female entrepreneurs in Nigeria looking to turn their business idea into a thriving venture. If you’re interested in this opportunity, go to bit.ly/GAIN-DBN to fill out the application form to be considered. Don’t miss out on this exciting and beneficial opportunity to make your business idea thrive. #GAINMasterclass #Entrepreneurship #DBN

Happy Independence Day, Nigeria! 🇳🇬 From all of us at DBN. #IndependenceDay #Nigeria

#MSME'S on my mind! Honoured to be a part of the 5th DBN ( Development Bank of Nigeria Plc ) Annual Lecture Series which held on Wednesday 25,September at the Transcorp Hilton Hotel,Abuja Driving the conversation on "Empowering Nigerian MSMEs in a Challenging Global Landscape" was led by the host Tony Okpanachi, Ph.D, MD,Development Bank of Nigeria Plc and Keynote speaker Dr. Nneka Onyeali-Ikpe (OON) MD,Fidelity Bank PLC Had engaging discussions with bright minds on the panel moderated by Prof. Joseph Nnanna and other panelists including Nkemdilim Uwaje Begho F.SCGN ,Abba Aliyu , Oluwatobi Ajayi FICA , Lent a voice ,speaking on how policy frameworks/fiscal incentives can enable innovation of high growth technology companies given their potential. Noted the recent enactment of the Nigeria Startup Act in October 2022 and it's support to the startup ecosystem in areas such as capacity-building, ease of business registration/obtaining licences,tax incentives, access to funding, support for research and development etc Stressed the need for increased collaboration between NITDA (secretariat) and private sector in the implementation of the startup up bill. Expressed the importance of continuos investment in the technology backbone required to enhance startups operations and productivity. Highlighted the peculiarities of Tech Startups as companies that are hypergrowth focused and achieve compounded growth rates of 40% during the periods of rapid expansion/scaling. Patient capital is required! Butressed the need for the finance sector to take a closer look at the private equity/venture capital space an asset class that is highly untapped in Nigeria. Incubators and accelerators such as Founder Institute help with the de-risking of Tech startups making them fundable/investment ready to receive non-dilutive/debt/dilutive funding/blended finance. In closing a veteran banker, Mohammed Mustapha Bintube (Independent Executive Director) and Chairman ,Jaiz Bank Plc ,provided comfort in his vote of thanks thanking stakeholders and challenging SME's to keep building whilst making a commitment to further support. Highest point was the interaction with the MSMEs at the end of the program and a walk-through the exhibition booths viewing the different innovations on display. Nigeria's Got Talent! Thank you DBN for ....Financing Sustainable Growth! #MSME's #Economicdevelopment #nationbuilding

What an incredible event! 🎉 I had the pleasure of coordinating the virtual session of the 5th DBN Annual Lecture, and it was an honor to witness the insightful discussions on “Empowering Nigerian MSMEs in a Challenging Global Landscape.” Special thanks to our MD/CEO, Dr.Tony Okpanachi, Ph.D., and Prof. Joseph Nnanna for leading such engaging and insightful conversations. A huge thank you to Dr. Dr. Nneka Onyeali-Ikpe (OON) for the keynote speech, and to our esteemed panelists @Oluwatobi Ajayi FICA, Ajuma Ataguba,FIMC,CMC Abba Aliyu, and Nkemdilim Uwaje Begho F.SCGN for bringing their expertise to the table. To all our attendees, your participation made the event a resounding success! You were fantastic, and we can't wait to share more highlights with you. Development Bank of Nigeria Plc #DBNLectureSeries #EmpoweringMSMEs #BusinessGrowth #NigeriaEconomy #SustainableGrowth #DBN  

I attended the 5th edition of the Development Bank of Nigeria Plc Annual Lecture Series, themed 'Empowering Nigerian MSMEs in a Challenging Global Landscape,' on September 25th, 2024, at Transcorp Hilton Abuja. This insightful event underscored the crucial role of Micro, Small, and Medium Enterprises (MSMEs) in driving Nigeria's economy, despite the significant challenges they face both locally and globally. MSMEs remain the backbone of our economic landscape, fostering job creation, innovation, and overall prosperity. However, hurdles such as rising production costs, inflation, unstable exchange rates, and disruptions in global supply chains have created an uncertain operating environment for these businesses. A powerful panel session featured Abba Aliyu, MD/CEO of the Rural Electrification Agency of Nigeria; Ajuma Ataguba, FIMC, CMC of the Founder Institute Abuja; Oluwatobi Ajayi FICA, Chairman/CEO of Nord Automobiles Limited ; and Nkemdilim Uwaje Begho F.SCGN, MD of Futuresoft (Future Software Resources Ltd), moderated by Prof. Joseph Nnanna. Key takeaways from the event included: ✳ The need for affordable financing options tailored to MSMEs, such as loan guarantee schemes and innovative funding initiatives. ✳ The importance of infrastructure improvements, tax breaks, and simplified trade regulations to reduce operational costs. ✳ The call for sector-specific financial institutions, such as an MSME Bank and a Bank of Mining, to ensure affordable financing. ✳DBN's impactful efforts, including the disbursement of N786 billion in loans to nearly 500,000 MSMEs, which has created over 1.2 million jobs in key sectors like manufacturing and agriculture. Thanks to Tony Okpanachi, Ph.D, MD/CEO of Development Bank of Nigeria Plc, and our keynote speaker, Dr. Nneka Onyeali-Ikpe (OON), MD/CEO of Fidelity Bank PLC, for this great opportunity. It was also a fantastic opportunity to network with some incredible personalities at the event. This event served as a reminder of the critical importance of collaboration between government, financial institutions, and the private sector in fostering a conducive environment for MSMEs. By working together, we can empower Nigerian MSMEs to thrive amidst socio-economic and political headwinds and unlock their full potential. #MSMEs #EconomicGrowth #DBNLectureSeries #NigeriaEconomy #SustainableDevelopment #BusinessFinancing