The Federal Ministry of Finance has confirmed the completion of the recruitment exercise for the Executive Management team of the Development Bank of Nigeria (DBN), and has formally applied for the issuance of its operational license from the Central Bank of Nigeria (CBN), which is expected imminently.

The DBN, was conceived in 2014 however, its take-off had been fraught with delays. The President Muhammadu Buhari led administration inherited the project with a determination to resolve all outstanding issues and set a target of 2017 for its take-off.

The DBN will have access to US$1.3bn (N396.5 billion) which has been jointly provided by the World Bank (WB), KfW (German Development Bank), the African Development Bank (AfDB) and the Agence Française de Development (French Development Agency).

The Bank is also finalising agreements with the European Investment Bank (EIB).

To provide clarification, the operations of the DBN will not in any way, result in the elimination of the Bank of Industry (BOI), Bank of Agriculture (BOA) or any other existing development bank.

The operations of the DBN is clearly distinct from other development banks as it is focused on supporting small businesses defined by size and not by sectors.

The DBN, will provide loans to all sectors of the economy including, manufacturing, services and other industries not currently served by existing development banks thereby filling an important gap in the provision of finance to Micro, Small and Medium Enterprises (MSMEs).

As a wholesale bank, the DBN will lend wholesale to Microfinance Banks which will on-lend medium to long-term loans to MSMEs. The MSMEs contribute about 48.47 percent to the Gross Domestic Products (GDP) of Nigeria but have access to only about 5 percent of lending from Deposit Money Banks (DMBs).

The influx of additional capital from the DBN will lower borrowing rates and the longer tenure of the loans, will provide the required flexibility in the management of cash flows, giving businesses the opportunity to make capital improvements, and acquire equipment or supplies.

As the economy diversifies, the growth of the MSME sector will have a positive impact on the economy through employment generation, wealth creation and economic growth

Signed
SALISU NA’INNA DAMBATTA
Director (Information).

http://www.kikiotolu.com/2017/01/development-bank-of-nigeria-completes.html

Lalasticlala Mynd44 seun Dominique

Bankers in d house; E don shelle

When will they recruit

Authoreety:
Bankers in d house; E don shelle

Kilo shelle?

Cc: lalasticlala, dominique, Mynd44

O

Sambest2:
When will they recruit

Did you even read it?

there are opportunities now in Nigeria. no doubt

F

for oga @the top candidate

Hope they will live up-to the mandates and rational of their establishment

Nice one



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So when are they going to do the recruitment for non-executive/management staff?

Good

Truth be told... Am igbo.... But buhari is trying in implementation... Not just policies on paper... The man really means well

This administration is waking up.. approaching top speed now.. Well done PMB

Rickyuzzy:
Truth be told... Am igbo.... But buhari is trying in implementation... Not just policies on paper... The man really means well

Translate what u wrote in igbo!!


If u use google, I will knw!

Nice. But FG should at least complete the other ones they have started too.

Is not about the bank. Is our money save

Ariel20:


Did you even read it?

Yeah, I did read it. They completed recruitment exercise for Executive management team. Mind you, the "Executive management team" is leadership positions not "Entry Level" positions. Hope you now understand.

thread softly.......let us wait and see the bank give iya sikira Eleja, bode shoemaker, mama Binta Elepo loans first b4 we start rumbling about buhari and the bank.

good

Ariel20:


Did you even read it?

And you who read it didn't see where it was stated 'management executive team'?

That a good step in the right direction, please they should let us know when the recruitment for the non managerial level will start, Abi nah managers go dey do all??

Good

Danbata no be NCC boss en be?

Ok

This mindset with hamper your career growth if you are an employee in the private sector.
It will be really nice if you work on that.

Bigajeff:
for oga @the top candidate

popefrank2016:
there are opportunities now in Nigeria. no doubt

there is always opportunity in the country, the problem is who get it.

calyto:

This mindset with hamper your career growth if you are an employee in the private sector.
It will be really nice if you work on that.

You they mind the f@ol?

please when will they recruit we the commoners

hope its not another job on newspaper only