The Development Bank of Nigeria (DBN) and the Agence Francaise De Developpement (AFD), a public financial institution that implements France’s development and international solidarity policies have signed a 50 million Euro credit line agreement to support women entrepreneurship in Nigeria.
The Agreement which was signed yesterday at the head office of the DBN was executed by the Managing director of the DBN, Tony Akpanachi and the AFD Nigeria country Director, Xavier Muron, witnessed by the French Ambassador to Nigeria, Marc Fonbausteir.
Speaking at the ceremony, Okpanachi said: “For us at DBM, our relationship with AFD has gone a long way. when DBM was started, AFD, together with other partners, worked together to set up DBN.
“Over the years, not only has it been in terms of providing funding, in terms of the collaboration we’ve had over the years, even in terms of building up technical assistance.
“So, when our conversation with AFD came, and they also provided us this additional line to also increase our reach to women entrepreneurs, we felt that this is a very good approach”
