- DBN already has 65 financial institutions in line with green and renewable energy.
- The bank would do monitoring and evaluation of the process.
The Development Bank of Nigeria (DBN) Plc has secured €25million for the growth and development of Micro, Small and Medium Enterprises (MSMEs) and the renewable energy sector. The KFW Development Bank provided the funding through DBN as part of its contribution to revitalising the Nigerian economy.
Managing Director/CEO of DBN, Tony Okpanachi, said the bank already has 65 financial institutions in line with green and renewable energy and businesses in MSMEs that relate directly with the small businesses to support them.
According to him, the bank would do monitoring and evaluation of the process. He added that KFW Bank has always been supportive of Nigeria’s economy in various sectors, stating that it is keen to see MSMEs and the energy sector bounce back.