Afd Extends Additional 50m Euros Funding To Dbn

The French Agency forDevelopment Agencie Francaise De Development -AFD has provided the Development Bank of Nigeria DBN an additional 50 million Euros line of credit for on-lending to women entrepreneurs in the country.

A partnership agreement to that effect was signed between the two organisations in Abuja yesterday.

Managing Director of DBN, Dr. Tony Okpanachi, who signed on behalf of his bank, described the additional funding by AFD as a great opportunity to further empower Nigerian women-owned businesses.

According to him, DBN has been deliberate in focusing on providing greater access to women entrepreneurs in its seven years of operation, with women receiving about 74 percent of the banks cumulative credit because of the catalytic impacts of empowering women in the society as a whole.