Development Bank of Nigeria has disbursed over N150 billion since
2017 through twenty-seven (27) participating financial institutions,
impacting close to 100,000 MSMEs through the process.
This is according to a disclosure by the Government of Nigeria, as seen by Nairametr
What you should know
A verified tweet by the Government revealed that in 2019, 52% of the
loans disbursed by the Development Bank of Nigeria were to youths and
women-owned businesses.
What they are saying
The Government of Nigeria tweeted “#DYK 52% of loans disbursed by @DevBankNG in
2019 were to youths and women-owned businesses. Since 2017, the Bank
has disbursed more than N150 billion through 27 Participating Financial
Institutions (PFIs), impacting close to 100,000 MSMEs.”
Why it matters
The recent disclosure is in line with the present regime’s drive to
diversify the economy and expand opportunities for youths and women,
bridging the social exclusion gap, and ensuring prosperity for all.
The efforts by the Development Bank of Nigeria complements other
social programmes introduced by the government and targeted towards
Youths and Women, such as the Special Grant to Rural Women, Nigeria Youth Investment Fund, National Young Farmers Scheme, amongst others.
Chidi Emenike 
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