• FG set to establish Development Bank

    FG set to establish Development Bank

    President Muhammadu Buhari has said the Federal Government will soon establish a new bank, Development Bank of Nigeria.

    The President said the setting up such a bank would strengthen the government’s economic diversification programme.

    Addressing the German-Nigeria Business Forum in Berlin, President Buhari said the bank, when fully operational, would support small and medium enterprises in the country, by improving their access to financing.

    “Our ambitions of creating a diversified and inclusive economy in Nigeria can only be achieved by having a mix […]