The Development Bank of Nigeria (DBN) has disbursed N273.4 billion in the past year, bringing its total disbursements to over N1 trillion, while recognizing partner financial institutions (PFIs) for their pivotal role in fostering micro, small, and medium enterprise (MSME) growth. The accolades were presented at the 2025 DBN Service Ambassadors’ Awards Ceremony in Lagos, themed “Enhancing Partnership for MSME Resilience and Growth,” held on May 26, 2025.
DBN’s Managing Director, Tony Okpanachi, praised the PFIs for their dedication to empowering entrepreneurs and transforming innovative ideas into viable businesses. “Our partners are instrumental in supporting young entrepreneurs and businesses aiming to scale. Your advisory roles are turning aspirations into bankable ventures,” Okpanachi stated during his keynote address. He emphasized that the awards were not just about recognition but a call to deepen impact through innovation and increased awareness of MSME success stories.
The bank’s Chief Operating Officer presented a performance scorecard showcasing significant achievements. Disbursements to women-led enterprises surged by 151.24%, while financing for youth aged 18–35 grew by over 181%. Financial inclusion efforts also saw a 110% increase, underscoring DBN’s commitment to inclusive economic development. The bank’s network of PFIs has expanded from five to over 79 in five years, amplifying its reach across Nigeria.
Several banks were honored for their contributions. United Bank for Africa (UBA) received the Platinum Service Ambassador Award and was recognized for the Highest Impact on MSMEs. LAPO Microfinance Bank earned multiple awards, including Highest Impact on Grassroots MSMEs and Women MSMEs. Providus Bank was commended for supporting the livestock value chain, while First City Monument Bank (FCMB) and Infinity Trust Mortgage Bank Plc received the DBN Sustainability Award for their eco-friendly and socially responsible initiatives. Fidelity Bank was recognized for innovation, Stanbic IBTC for enabling first-time credit access, and Wema Bank and Baobab Microfinance Bank for financing startups.
DBN reiterated its commitment to encouraging PFIs to expand advisory services and promote entrepreneurial success stories that drive community transformation. “These awards celebrate past achievements, but the true legacy lies in ongoing collaboration and innovation for Nigeria’s economic future,” the bank stated.
The significant growth in disbursements and partnerships reflects DBN’s pivotal role in strengthening Nigeria’s MSME sector, a critical driver of economic growth. By fostering inclusive financing and recognizing impactful collaborations, DBN is laying the foundation for a resilient and dynamic entrepreneurial ecosystem.
