The Development Bank of Nigeria (DBN) has announced plans to expand its support for Micro, Small, and Medium Enterprises (MSMEs) by growing its outstanding loan portfolio to over N1.8 trillion.
According to the DBN, this move is aimed at boosting the growth and development of MSMEs in Nigeria.
MSMEs play a crucial role in the country’s economy, and the DBN’s support is expected to have a significant impact on their growth and sustainability.
The DBN’s target of N1.8 trillion loan expansion demonstrated its commitment to providing financial support to MSMEs and promoting economic development in Nigeria.
By providing access to finance, the DBN is helping to address one of the major challenges facing MSMEs in the country.
