DBN Showcases Role Models In MSMEs

Editorial, Slider

THE maiden lecture of the Devel­opment Bank of Nigeria held in Abuja revealed more than what stakeholders who were at the event had expected. The expec­tations and the reality of what the bank eventually delivered were effectively captured by the summary given by development partners of DBN who like other guests were convinced of the solid foundation already laid by the bank for the future of Micro Small and Medium Enterprises (MSMEs) projects.

Going by its mandate to allevi­ate finance constraints confront­ing MSMEs in Nigeria through the provision of financing and partial credit guarantees to eli­gible financial intermediaries on a market-conforming and fully financially sustainable basis, the bank without any iota of doubt was able to convince its guests that it has delivered within a short period of operation and possesses the potential to do more.

Beyond the rhetoric and funfair usually associated with such lec­tures by organizations without anything tangible, touchable to show and present to stakehold­ers over the years, DBN proved that in just two years of its exist­ence it has significantly invested in the human capital resourc­es of identified MSMEs in their chosen fields, by reason of the support and the loans extended by the bank, which provided the needed linkage of financial sup­port for such ventures.

From the keynote address to the main speakers, there was no doubt that the challenges starring the small and medi­um entrepreneurs are gigantic and some which without any intervention may remain insur­mountable for years. Even in spite of the support, there were still some as identified by Dr. Donald Kaberuka, Chairman of the Board of African Develop­ment Bank who was the keynote Speaker, that were not covered by the support and with which they had to contend.

Of particular commendation was the story of icons of MSMEs presented at the maiden lec­tures during the discussions by panelists among who were the Technopreneur & Founder, Out­source Global, Amal Hassan, and the MD, CEO of Psalty Interna­tional Limited, Mrs. Yemisi Iran­loye who among many others represented the success story of the DBN intervention in guaran­teeing financial support for the MSMEs.

If in two years, the bank was able to celebrate that much then without any doubt the sky is no longer the limits of what is ex­pected of the financial interven­tion institution.

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