Development Bank of Nigeria Plc (DBN) has empowered 125 entrepreneurs in Lagos and the Federal Capital Territory (FCT) as part of its mandate to drive economic growth.
The DBN held a capacity building workshop for the 125 business owners to improve their skills in developing and defending a viable business plan, enhancing their capacity to access funding, as well as imbibing in them the discipline required for efficient utilization of their funds.
The Managing Director of the bank, Mr Tony Okpanachi, harped on the need to equip the entrepreneurs with critical management skills required to ensure they are better structured and able to effectively manage their respective businesses.
“As a Development Financial Institution established to bridge the financial gap through our participating financial institutions, our strategic focus is providing liquidity, credit guarantee, and capacity building for MSMEs to be more productive.
“The capacity building initiative is an integral part of the bank’s mandate to drive economic growth by empowering MSMEs with the skills required to improve their capacity and productivity.
“Our objective, in a nutshell, is to equip entrepreneurs across sectors of the Nigerian economy with requisite management skills to develop viable business plans, access funds, and effectively manage their business growth,” Okpanachi said.
He noted that this year’s capacity building focused on impacting Nigerian MSMEs with the resilience needed for survival and sustenance especially, in the wake of the COVID-19 global pandemic.
He assured that the DBN would continue to enhance the entrepreneurial and managerial competencies of the entrepreneurs.
InsideBusiness.ng recalls that the DBN had in 2019 held a capacity building workshop for 100 small business owners from the 6 geographical zone in Abuja and Lagos.
Comments are closed.