Fundraising Fox

Development Bank of Nigeria

Government fund

Abuja · Growth–Late Stage · 17 people tracked

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Investment thesis

Development Bank of Nigeria aims to ease the financing constraints of MSMEs and small corporates in Nigeria. It operates on a wholesale basis, providing long-term finance and partial credit risk guarantees to participating financial institutions that on-lend to MSMEs, rather than lending directly. The bank also offers capacity building and technical assistance to both participating financial institutions and ultimate borrowers, supporting sustainable lending operations on a market-conforming, financially sustainable basis.

Source: firm website, verified Aug 3, 2026.

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

Team · 17 people

from the firm's website

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 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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