This was disclosed by the Chief Executive Officer of the bank, Tony Okpanachi, at the second DBN annual virtual lecture series themed: ‘Resilient Innovation: MSMEs’ adaptability in Uncertain Times,”
Browsing: Tony Okpanachi
A statement by the Managing Director, Adekunle Adewole, said the development was further to the appointment of LivingTrust as a partner bank for the development of the MSME sector by DBN in November last year.
Okpanachi, who was speaking at the virtual launch of the first Pan-African MSME Academy, said the AUDA-NEPAD and Ecobank partnership must be lauded as an entrepreneurial potential.
The Development Bank of Nigeria says it has disbursed N13.364 billion loans in the first year of its operations.
The European Investment Bank has finalized a $20 million equity stake in the new financing institution, alongside $50 million equity participation from the African Development Bank
Its Managing Director, Tony Okpanachi, said this on Friday during a media briefing where the management team of the bank was formally introduced by the Minister of Finance, Kemi Adeosun