The Financial Inclusion Leadership Award has gone to the Development Bank of Nigeria Plc (DBN). This acknowledges the Bank’s steadfast dedication to promoting financial access for micro, small, and medium-sized businesses (MSMEs) in Nigeria.
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At the recently ended International Financial Inclusion Conference (IFIC) 2024, which was sponsored by the Central Bank of Nigeria (CBN) in partnership with the World Bank and other stakeholders, DBN received the honour at the “Champions of Inclusion Nigeria Financial Inclusion Awards.” Receiving the Financial Inclusion Leadership Award, according to DBN’s Managing Director/CEO Dr. Tony Okpanachi, is a testament to the Bank’s relentless efforts to increase MSMEs’ access to financial services in Nigeria.
“Our bank’s dedication to increasing access to financial services for all Nigerians is demonstrated by our distinction of receiving the Financial Inclusion Leadership Award. Our efforts to close the gap in financial inclusion, especially for a key sector like MSMEs, are acknowledged by this award,” he said. Furthermore, this award is a confirmation of our strategic commitment on promoting financial inclusion for small businesses, and we are honoured to be leading this program,” Dr. Okpanachi continued.
To guarantee that more small and startup firms in Nigeria have access to services, we will keep coming up with new ideas and growing our financial inclusion initiatives. While accepting the award on behalf of DBN, the Bank’s Chief Operating Officer, Mr. Bonaventure Okhaimo, thanked the organisers for the honour and called it a noteworthy accomplishment.
“Our Bank has achieved a major milestone with the Financial Inclusion Leadership Award, proving our commitment to promoting financial inclusion and economic development in Nigeria. “Our Bank’s creative approach to expanding opportunities for MSMEs in Nigeria to grow and scale their businesses is recognised with this award,” he said. The COO went on to say, “This award will inspire us to keep pushing the limits of financial inclusion and look into more creative partnerships and solutions to increase our effect and reach.
This award will further motivate us to further up our efforts to ensure that more small companies and startup enterprises in Nigeria have access to financial services. He made a point. One of the main events of the International Financial Inclusion Conference (IFIC) is the Financial Inclusion Leadership Award, which honours outstanding contributions to initiatives meant to fulfil the objectives of Nigeria’s National Financial Inclusion Strategy 3.0.
With insufficient funding being one of the issues impeding the expansion of small businesses in the nation, the awards honour organisations and individuals from a variety of sectors who are fostering meaningful discourse and expanding access to financial services for low-income excluded priority segments, including the MSMES sector.
