The Development Bank of Nigeria (DBN) Plc is enhancing its support for micro, small, and medium enterprises (MSMEs), which represent over 90 percent of employment in the country with more than 40 million businesses. In light of the current Monetary Policy Rate of 26.5 percent, the DBN is focusing on providing affordable credit to these enterprises, thereby facilitating their growth and sustainability. Additionally, the bank is implementing targeted capacity-building initiatives aimed at equipping MSMEs with the necessary skills and resources to thrive in a competitive market. This multifaceted approach underscores the DBN's commitment to fostering economic development through the empowerment of the MSME sector.
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