The Development Bank of Nigeria (DBN) has revealed that its financial support for small businesses has helped generate about 1.6 million jobs across the country. Since it began operations in 2015, the bank has provided a total of N1.4 trillion in loans to Micro, Small, and Medium Enterprises (MSMEs).
This update was shared by the bank’s Managing Director and Chief Executive Officer, Tony Okpanachi, during the presentation of its 2025 financial results at the 9th Annual General Meeting held in Abuja.
According to Okpanachi, DBN disbursed more than N300 billion in loans in 2025 alone. These funds reached over 180,000 businesses nationwide, showing the bank’s continued commitment to supporting entrepreneurs and small business owners.
He explained that DBN’s approach goes beyond simply giving out loans. The bank ensures that the funds are properly used by beneficiaries and that they contribute to real business growth and job creation. This focus on impact is a key part of DBN’s mission to strengthen Nigeria’s economy.
Unlike traditional banks, DBN does not lend directly to businesses. Instead, it works through commercial banks and microfinance institutions. These partner institutions are responsible for giving out the loans, setting interest rates, and managing the risks involved. This indirect lending model allows DBN to reach more businesses efficiently while relying on existing financial networks.
In addition to financial support, DBN has placed strong emphasis on training and capacity building. In 2025, the bank trained more than 48,000 MSMEs, helping them improve their business skills and better manage their finances. These training programs are designed to make small businesses more sustainable and capable of long-term growth.
Okpanachi stressed that building the skills of entrepreneurs is just as important as providing funding. He noted that when business owners are well-trained, they are more likely to succeed, repay loans, and create more jobs. This combination of funding and knowledge is central to DBN’s strategy.
He also reaffirmed the bank’s commitment to expanding its support for MSMEs. By continuing to provide both financial assistance and technical training, DBN aims to increase productivity and strengthen the overall impact of small businesses on the economy.
Meanwhile, shareholders at the meeting approved a dividend payout of N8.5 billion. This represents 85 kobo per share and follows the bank’s policy of limiting dividend payouts to 25 percent of its profits. The decision reflects DBN’s effort to balance rewarding investors with maintaining enough capital to support its development goals.
