The Development Bank Of Nigeria: All You Need To Know

The Development Bank of Nigeria is a financial institution that would bridge the gap between the Bank of Industry (BoI) and other commercial banks that could not satisfy the funding needs of the Micro, Small & Medium Enterprises in Nigeria. The principal mission of the Development Bank of Nigeria is to Increase financial inclusion by improving access to credit finance.
Development Bank Of Nigeria
According to the punch newspaper, the bank is being supported by development partners such as the African Development Bank, World Bank, Agence Francaise de Development and KFW Entwicklungs Bank of Germany.

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Also the the Development Bank Of Nigeria will support medium to long-term lending to Micro, Small and Medium-scale Enterprises, with duration of up to 10 years and a moratorium period of up to 18 months. This would enable Small & Medium Enterprises in Nigeria have a lengthy period to repay the loans gotten from Development Bank Of Nigeria unlike the other banks.

The Ministry of Finance stated that about 20,000 beneficiaries would be given loans during the Bank’s first year of operations.

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Contact Details of The Development Bank Of Nigeria

Address: Abuja, Nigeria


Phone: N/A

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Add a Comment
  1. Ado Bello

    kindly work closely with the relevant stakeholders to provide a level playing ground for the SMEs.

  2. mohammed garba

    it is difficult applying as you advertised pls any problem?

  3. abubakar jibrin Bukar

    please how can I apply for the current recruitment base on the advertisement on daily trust page 11 and thisday news papers page 17. please how can I apply

  4. Halima

    i just tried checking for the website of Development Bank of Nigeria but all effort proved abortive. It is either there is no website or the office is not in operation at all in Nigeria.

    I think it is high time those concerned found a solution to it.

  5. ogunsina sina

    DBN, is a good idea that will help investors in all sectors

  6. Harryson

    we can’t see any website of any Development Bank of Nigeria anywhere….. They are liars…. They are not doing anything. This is a bullshit!

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