DBN Empowers 200 Vulnerable Women in Gombe and Yobe States
By Patience Ikpeme
The Development Bank of Nigeria (DBN) has empowered over 200 vulnerable women with entrepreneurial development skills in Gombe and Yobe States as part of its Corporate Social Responsibility (CSR) initiatives.
The programme, which is in partnership with the Organisation for Environmental, Agricultural and Health Development (OEAHD), is aimed at providing soft skill acquisition for selected women, including physically challenged women in the North-Eastern part of the country.
The Managing Director of DBN, Dr. Tony Okpanachi, affirmed that the training was in line with the bank’s unwavering commitment to strengthening the capacity of MSMEs in the country so that they could continue to contribute more to the National Gross Domestic Product (GDP).
“We believe that this partnership with OEAHD and by extension the entrepreneurial and capacity development initiative will have a significant impact on the lives of the targeted women in Gombe and Yobe State respectively, fostering their empowerment and contributing to sustainable development in the region,” he said.
“Up to date, about 62 percent of our lending has gone to women-owned businesses. Most of them are Micro and Small Businesses. Our goal is to continue to nurture and empower women across regions, the ultimate objective being to grow and upscale them from micro to large businesses,” he stressed.
He further stated that the women have received comprehensive vocational skills training that will enable them to start their businesses or enhance existing ones, thereby improving their economic well-being.
Addressing participants at the Entrepreneurial Skills Acquisition Training and Capacity Building event, the National Coordinator, OEAHD, Hon. Tabitha Iliya Sallah re-emphasized the significant roles women play in the socio-economic development of the nation.
According to her, “The importance of women’s participation in entrepreneurship cannot be overstated. It is not just about fostering gender equality, but also about tapping into the full potential of our nation’s human resources. As entrepreneurs, women have the power to innovate, create jobs, and drive economic growth, because when women are economically empowered, their communities and the nation at large benefit.”
“The fact that this program has been made possible through the collaboration of OEAHD and DBN is a testament to our collaborative commitment and dedication to women’s economic empowerment across regions; especially displaced women,” she stated.
Commending DBN for sustaining its long-term vision of alleviating financing constraints faced by MSMEs and Small Corporations in Nigeria, Hon. Sallah noted that by providing training, mentorship, and access to finance, the bank is creating a nurturing environment for women to thrive in the business world, hereby bridging the gender gap and promoting sustainable economic development.
“DBN as we all know has been at the forefront of empowering women in business with unlimited access to finance and knowledge to prosper and build viable enterprises that will enable them to improve their livelihoods and contribute to the socio-economic development of their immediate families and communities,” she posited.
