The Development Bank Of Nigeria: All You Need To Know

28 Shares

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.

ALSO READ:  Interest Rate in Nigeria

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.

ALSO READ:  Tax Policy in Nigeria: All You Need to Know

Contact Details of The Development Bank Of Nigeria

Address: Plot 1386 Tigris crescent, Maitama Abuja, Nigeria.

Website: http://devbankng.com

Phone: N/A


28 Shares

51 Comments

Add a Comment
  1. SIR, COLLINS A N

    SIR, COLLINS A N

    from the information provided on this site, I,did not see Port Harcourt Rivers State branch, is it that i can walk into any of the provided commercial banks or micro financial banks and ask of the loan.? what is the minimum and total amaout that DBN is offering?

    THANKS.

  2. SIR, COLLINS A N

    from the information provided on this site, I,did not see Port Harcourt Rivers State branch, is it that i can walk into any of the provided commercial banks or micro financial banks and ask of the loan.?

    THANKS.

  3. Uwagboe Bella

    We are registered company with CAC “OWAMAGBEFARMS” am into farming am presently supplying just eggs, my buisness average weekly income is 150,000 which is 600,000 monthly I presently supply 2,000 crates of eggs weekly buisness I started 8 months ago. I need more capital to grow my buisnes my target is 5,000 crates weekly, a bigger vehicle to Carry the eggs.And I have interest in snail farming am building a snail house already i need money to buy snails am starting with 10,000 snails.. I need 5,000,000 loan to pay back when due I will appreciate if this is granted….

  4. Joshua James

    How to apply for DBN loan. I am into pharmaceutical business.

  5. Salvation

    How can i get a loan of 10,000,000 to start up a sarchet nd bottle water factory in lagos..how can i get the loan

  6. Salvation

    I need loan of 10,000,000 to start up a sarchet nd bottle water factory in lagos..how can i get the loan

    1. Obadina

      I like the question. DBN should answer

  7. adekanmb bukola

    I need 500000 thousand naira to start poultry farming and just broilers only which is just three months to rear and every three three months I make my money and returned or pay back my loan.

  8. Bright Novey

    I need a loan of N3,000,000 for my retail business. Where is your office in Delta state.

  9. Ekpu k

    I am into goat fattening and breeding, can I access loan to keep up to 200 goats.
    my business is not registered now

  10. Juliet Ogu

    I need a loan for transportation business how will i get it

  11. Juliet Ogu

    I need a loan for transportation business how will I Access it.

  12. Juliet Ogu

    Pls I need a loan for transportation business. Is it possible

  13. Olaniyan o abidun

    Olaniyan o abiodun. Pls I can access the loan to support my small scale business.

  14. Olugbemiga odueso

    We are a registered company with CAC.
    The registered name is foresight inter trade Nigeria Limited
    The company is registered to operate on agricultural products, and at present having pens to rear 50,000 broilers/cycle ( every 6 week) and ponds to rear 15,000 catfish to table size
    We are urgently in need of a loan of 40,000,000 naira to be able to honour an off taker agreement for rearing/ supply of 40,000 broilers/cycle
    The farm is situated at iperu remo. Ogun state
    We will appreciate if we can be able to get the loan through you.
    Best regards
    O. A. Odueso
    MD

  15. Edet

    It’s a fascinating idea as long as the ordinary folks are given attention. Spirited awareness should be created to help Nigerians assess ur facilities.Thankyou.

  16. Adodo Monday ohi

    Sir I am Adodo Monday based in Lagos how can I asses the loan sir.

  17. Kelvin Stephen

    please let me know when you start giving out the loans i am interested in starting up a lucrative business.

    Can plateau state get its own branch?

  18. okon bassey

    can a loan be given to a transportation business?
    if yes,how can i locate lagos address to process my reqest?

  19. Ohisa

    Pls, is it true that international donor paid money in
    DBN through social exchange for grant in Nigeria? pls can anyone answer me pls

  20. Adegun James

    Dev Bank is a very good idea but when will it start giving loans to expecting Nigerians?

  21. Prince

    where your office located at Enugu

  22. prince

    No website, no addresses or phone number of hw to contact Dbn. this govt should be serious with people that voted them into power. pls, where contact address at Enugu state. I am bizman and farmer, I need the loan badly. Dbn pls, start the process of giving the loan.

    1. Olugbemiga odueso

      We are a registered company with CAC.
      The registered name is foresight inter trade Nigeria Limited
      The company is registered to operate on agricultural products, and at present having pens to rear 50,000 broilers/cycle ( every 6 week) and ponds to rear 15,000 catfish to table size
      We are urgently in need of a loan of 40,000,000 naira to be able to honour an off taker agreement for rearing/ supply of 40,000 broilers/cycle
      The farm is situated at iperu remo. Ogun state
      We will appreciate if we can be able to get the loan through you.
      Best regards
      O. A. Odueso
      MD

  23. Okendu

    Then if this is true, I have filled the former they brought to me and up till now I’ve never seen any sign of call or email from dbn. Please tell us what is holding the money to be released?

  24. Onaduja Adekonojo Digba

    I wish this could be real, I need this loan facility, I can even put down my certificates if am guaranteed to have the loan, how do I go about it.

  25. Koleoso, Akin

    I wish to access the loan for agricultural purpose, what are the conditions. how can I process the loan.
    Thank you

  26. Koleoso, Akin

    I which to access the loan for agricultural purpose, what are the conditions. how can I process the loan.
    Thank you

  27. olumuyiwa lasode

    Having read information about your bank and your fascinating programe, I wish to ask:
    1.what are the conditions for obtaining loan?
    2.which other micro-finance banks and financial institutions are participating in this program?
    3.How soon will the program be implemented?

  28. ODUN

    pls what is the consequences for not returning this loan fron the DBN

  29. GBADEBO

    What relationship exist between Bethany Human Resources Centre and Development Bank of Nigeria. Pls respond sir as we are about to pay 3,500 for each form for your grant and lian.

  30. Moses

    What relationship exist between Bethany Human Resources Centre and Development Bank of Nigeria. Pls respond sir as we are about to pay 3,500 for each form for your grant and lian.

    1. olumuyiwa lasode

      Having read information about your bank and your fascinating programe, I wish to ask:
      1.what are the conditions for obtaining loan?
      2.which other micro-finance banks and financial institutions are participating in this program?
      3.How soon will the program be implemented?

  31. Adeleka Karonwi

    Want a loan from DBN

  32. Fred

    DBN was approved for the purposes of World Bank grants and loans. u must benefit from the grant before. benefiting from loan. when they it is for only loans they want to deceive us and make many people feel reluctant. World Bank has already released the cash which shall be domicile on DBN. World Bank and other international donors provided the cash.

    1. Okendu

      Then if this is true, I have filled the former they brought to me and up till now I’ve never seen any sign of call or email from dbn. Please tell us what is holding the money to be released?

  33. Pls we are waiting for the Newly development bank of Nigeria to commence it’s operations. I am sure they will give one office in Ilorin. Hopefully.

  34. Audu

    I am a farmer specialized in crops productions.how can l benefits from the loan.

  35. Gbenga

    thanks received your response, l am a small scale enterprise please what is the criteria to access facility by a small and medium scale enterprise

  36. Gbenga

    please where is the address of DBN here in Abuja and what is their website, can you kindly furnish me with this information

    1. Plot 1386 Tigris crescent, Maitama Abuja, Nigeria.

      1. Ayeni Kayode

        Thanks for your response , i like to know if Any N G O has any reltionship with this program..

  37. Ishola .A.Adewumi

    where is Nigeria development bank branch in osun state

  38. kainde michael

    their are people that using the name of DBN now to deceive nigerian that grant is come from their,please to whom is may concern kindly save nigerians from this fraudulent act.

  39. Ado Bello

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

  40. mohammed garba

    it is difficult applying as you advertised pls any problem?

  41. 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

  42. 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.

  43. ogunsina sina

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

  44. 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!

Leave a Reply

Your email address will not be published. Required fields are marked *