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.

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.

Contact Details of The Development Bank Of Nigeria

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

Website: http://devbankng.com

Phone: N/A

53 thoughts on “The Development Bank Of Nigeria: All You Need To Know”

  1. 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. 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. 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. 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.

  5. 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

  6. 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.

    • 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

  7. 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?

  8. 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.

  9. 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?

  10. 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.

  11. 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.

    • 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?

  12. 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.

    • 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?

  13. 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.

  14. 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

  15. 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.

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