More small businesses to get loans in 2022 – DBN

Nigeria’s development finance institution, Development Bank of Nigeria Plc, has said more business owners will get loans as it is addressing major financing challenges facing Micro, Small, Medium Enterprises (MSMEs) across the country.

The Managing Director, Tony Okpanachi, in a statement on Wednesday, said the financial institution’s main objective is to mobilise financing for Nigeria’s economic diversification, serve the unserved and underserved MSME market segment while facilitating innovative and eco-friendly solutions for the marketplace.

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Okpanachi, who also revelled in a level 5 rating, the highest possible rating in the Sustainability Standards Certification Initiative (SSCI) project bagged by the bank recently, said more MSMEs would get loans for their businesses next year.