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The Development Bank of Nigeria (DBN) is launching a $275 million Climate Finance Programme to expand access to climate funding for micro, small and medium enterprises (MSMEs) across Nigeria.
Development Bank of Nigeria is a development finance institution set up to provide financing to MSMEs and infrastructure projects across Nigeria.
The $275 million programme aims to open up climate finance pathways for Nigerian MSMEs, supporting businesses working on climate-smart solutions as part of Nigeria’s broader green transition.
To mark the launch, DBN will host a high-level panel discussion at COP31 in Türkiye titled “Unlocking Climate Finance for Nigerian MSMEs.”
The session will bring together stakeholders from government, development finance and the private sector. It will be hosted by Dr Tony Okpanachi, Managing Director and CEO of DBN, with Nigeria’s Minister of Environment, Hon. Balarabe Abbas Lawal, attending as special guest.
Panellists include Ijeoma Ozulumba Doris, Executive Director of Finance and Corporate Services at DBN; Alexander Haack, Director of Climate Change, Rural Development and Infrastructure at GIZ; and Dele Awosika, Founder of Clean Sustainable Renewable Solutions.
Development Bank of Nigeria was established by the Federal Government of Nigeria in collaboration with global development partners to address financing gaps facing MSMEs in the country.
Its partners include the World Bank, African Development Bank, KfW Development Bank, Agence Française de Développement (AFD) and the European Investment Bank (EIB). DBN provides financing and partial credit guarantees to eligible financial intermediaries on a market-conforming basis.
