The Development Bank of Nigeria (DBN) has disbursed more than N272 billion to over 518,170 women-owned businesses, making up 74 percent of its total beneficiaries.
This was disclosed by the Managing Director of the bank, Tony Okpanachi, in Abuja last week during an event marking International Women’s Day.
Okpanachi explained that this level of financial support reflects DBN’s strong dedication to empowering female entrepreneurs across different industries.
He stated that the bank’s targeted financing has helped women grow their businesses in sectors such as fashion, agribusiness, technology, trade, healthcare, and renewable energy.
By supporting women in these areas, DBN ensures that they play a significant role in the nation’s economic development.
He also pointed out that providing access to finance alone is not enough to help women entrepreneurs succeed.
According to him, they also need strategic partnerships, policy support, mentorship, and market access to compete effectively in today’s business environment.
