DBN empowers 125 entrepreneurs

Development Bank of Nigeria Introduces 3 New Products for MSMEs
Tony Opanachi DBN MD

The Development Bank of Nigeria has empowered one hundred and twenty five entrepreneurs in a capacity building training.

The Managing Director of the Bank, Mr. Tony Okpanachi said the training included skills to improve their competence in developing and defending a viable business plan, improve their capacity to access funding, as well as imbibe in them the discipline required for efficient utilization of their funds.

The small business owners were lectured on digital marketing strategies and basic promotional tools by business experts with lectures on accessing business opportunities and improving selling skills as well as presentation skills and development of a business plan.

He said while funding remains a major problem for MSMEs in Nigeria, there’s also the need to equip the entrepreneurs with critical management skills required to ensure they are better structured and able to effectively manage their  businesses,”

He further explained that being a development financial institution, its strategic focus was providing liquidity, credit guarantee, and capacity building for MSMEs to be more productive.

Participants expressed their appreciation to Development Bank of Nigeria especially in the area that touched on online marketing and business profiling and assured that they will put to practice the new knowledge acquired.


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