DBN Launches DAWN, Impact Report and MSME Data Assets at 2026 Annual Lecture
…signs Gender Credit Line with AfDB
The Development Bank of Nigeria (DBN) Plc today launched DAWN: DBN Action for Women in Nigeria, unveiled its DBN Impact Report and presented the DBN MSME Data Assets at the seventh edition of its Annual Lecture, held at the Congress Hall, Transcorp Hilton, Abuja.
Themed “From Policy to Prosperity: Translating Economic Reforms into MSME Growth,” the 2026 lecture brought together government officials, regulators, development partners, financial institutions and entrepreneurs to examine how national economic reforms can deliver real gains for micro, small and medium-sized enterprises (MSMEs).
Delivering the welcome address, the Managing Director/CEO of DBN, Dr Tony Okpanachi, said the central challenge was no longer the reforms themselves but ensuring their benefits reach businesses at the end of the chain.
“The major reforms are now in place. How do we make sure their benefits reach the trader in Onitsha, the fabricator in Aba, the farmer in Kebbi and the young founder in Yaba?” he asked.
He noted that MSMEs account for close to half of Nigeria’s GDP and more than eight in every ten jobs, adding: “When reform works for MSMEs, it works for most Nigerians.”
Dr Okpanachi explained that a reform becomes prosperity only when an entrepreneur can act on it, whether through long-tenor loans to buy equipment, a bank willing to take the risk, or the skills and records needed to grow. Working through Participating Financial Institutions, DBN provides longer-term funding, partial credit guarantees through its subsidiary, Impact Credit Guarantee Limited, and capacity building, including its Entrepreneurship Training Programme.
He reported that as at December 2025, DBN had disbursed a cumulative ₦1.4 trillion to MSMEs through 84 Participating Financial Institutions, creating about 1.6 million jobs nationwide. Under its new five-year strategy, the Bank aims to reach more than two million MSMEs, with deliberate targets for women-led businesses, youth-led businesses and underserved states.
On DAWN, Dr Okpanachi said finance alone had not enabled enough women-led businesses to scale. The initiative brings together financing, guarantees and credit support, technical assistance, outcome-linked grants and market linkages, delivered through banks, microfinance institutions, fintechs, aggregators, cooperatives and direct channels. Its priority sectors are agriculture and exports, healthcare, arts and creatives, technology, and green business.
“DAWN is about moving gender-focused lending beyond intention and turning access into opportunity,” he said.
On the sidelines of the lecture, DBN and the African Development Bank (AfDB) also held the signing ceremony of the AfDB–DBN USD61 million Gender Line of Credit, a development that reinforces the Bank’s commitment to women-led enterprises.
Dr Okpanachi urged Participating Financial Institutions to extend lending into sectors and states where access to finance has been limited; policymakers and regulators to “measure reform by what changes for the business at the end of the chain”; and MSMEs to formalise, keep good records and use the support now available to them.
The Vice President, Special Guest of Honour, was represented by Dr Fred Iklaga, Senior Technical Adviser in the Office of the Special Adviser to the President on the Economy. Keynote speakers were the CEO of MTN Nigeria, Dr Karl Toriola, and the Chairman of the Nigeria Sovereign Investment Authority, Dr Segun Ogunsanya. A fireside chat featured the CEO of Sterling Bank, Mr Abubakar Suleiman; manufacturing and trade entrepreneur Mrs Omoyemi Chukwurah; and, by video, Mr Kola Masha of Babban Gona.
Representing the Secretary to the Government of the Federation, Mrs Augusta Warrens Bekaredebo said the 2026 tax reforms would bring relief to many small businesses, expressing optimism that “a lot of businesses will be smiling” by next year because they will be exempted from tax.
