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Development Bank of Nigeria

Government fund

Abuja · Growth–Late Stage · 19 people tracked

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Investment thesis

Development Bank of Nigeria addresses the financing gap for MSMEs and small corporates in Nigeria on a market-conforming, financially sustainable basis. Rather than lending directly, it works through Participating Financial Institutions, offering finance-to-finance on-lending, a long-term finance scheme extending up to ten years, partial credit risk guarantees to share risk with lenders, and capacity building/technical assistance for both the institutions and ultimate borrowers. Backed by partners including the African Development Bank, French Agency for Development, World Bank, European Investment Bank and KfW, it reports having disbursed ₦1.4 trillion through 84 PFIs as of December 2025.

Source: firm website, verified Sep 26, 2026.

Stage
Growth–Late Stage
HQ
Abuja, NG
Instruments
Debt · Grants

Team · 19 people

from the firm's website & curated

Frequently asked questions

What stage does Development Bank of Nigeria invest at?
Development Bank of Nigeria invests at the Growth, Late Stage stages.
What sectors does Development Bank of Nigeria focus on?
Development Bank of Nigeria focuses on Fintech, Impact & Social Good, Sector Agnostic.
Where is Development Bank of Nigeria located?
Development Bank of Nigeria is headquartered in Abuja, NG.

Media · Podcasts & interviews

featuring the team

In Conversation with Dr. Tony Okpanachi & Lolade Awogbade of the Development Bank of Nigeria

International Finance Corporation · Tony Okpanachi

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