The Development Bank of Nigeria has disbursed N1.4tn to Micro, Small and Medium Enterprises nationwide, supporting the creation of about 1.6 million jobs as of December 2025.
The bank also announced plans to reach more than two million MSMEs under a new five-year strategy, with particular attention to women-led businesses, young entrepreneurs and underserved states.
The bank disclosed this in a statement issued on Thursday after its seventh Annual Lecture, held at the Transcorp Hilton, Abuja, on Wednesday.
“As at December 2025, DBN had disbursed a cumulative N1.4tn to MSMEs through 84 Participating Financial Institutions, creating about 1.6 million jobs nationwide. Under its new five-year strategy, the Bank aims to reach more than two million MSMEs, with deliberate targets for women-led businesses, youth-led businesses and underserved states,” the statement read.
Speaking at the event, the Managing Director and Chief Executive Officer of DBN, Dr Tony Okpanachi, said the bank had
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