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IWD: DBN Disburses N272b To Women Businesses

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The Development Bank of Nigeria (DBN) has disbursed more than N272 billion to over 518,170 women-owned businesses, making up 74 percent of its total beneficiaries.
Managing Director of the bank, Dr. Tony Okpanachi, disclosed this in Abuja recently during an event marking this year’s International Women’s Day (IWD).
Dr. Okpanachi explained that this level of financial support reflects DBN’s strong dedication to empowering female entrepreneurs across different industries.
He stated that the bank’s targeted financing has helped women to grow their businesses in sectors such as fashion, agribusiness, technology, trade, healthcare, and renewable energy. By supporting women in these areas, DBN ensures that they play a significant role in the nation’s economic development.
He also pointed out that providing access to finance alone is not enough to help women entrepreneurs succeed, adding that they also need strategic partnerships, policy support, mentorship, and market access to compete effectively in today’s business environment.
To address these challenges, he said DBN has launched several initiatives, including the Women Entrepreneurs Finance Initiative (WE-FI) Code.
This programme, in collaboration with the Central Bank of Nigeria (CBN) and the Bank of Industry (BOI), aims to expand access to finance, enhance business skills, and create networking opportunities for women entrepreneurs.
On guarantees, a report released on Thursday showed that total loans guaranteed by DBN stand at N43.3 billion.
The report also noted that 16 Participating Financial Institutions (PFIs) have been involved in the loan disbursement process, reaching 45,178 micro, small, and medium enterprises (MSMEs).
Out of the 74,678 MSMEs supported, 60.6 percent were owned by women.
Dr. Okpanachi assured of DBN’s focus on financing women-led businesses, explaining that the bank ensures that a significant portion of its lending goes to women entrepreneurs, as their participation is crucial for economic growth.
He said DBN plans to intensify efforts to empower even more women, helping them expand their businesses and contribute further to national development.
He outlined some of the measures taken to achieve this, starting with dedicated funding lines for women-owned businesses through DBN’s partner financial institutions.
These financial institutions can only access these funds if they are directed toward female entrepreneurs.
Beyond funding, Dr. Okpanachi stressed the importance of capacity building. He explained that moving women from micro-businesses to small enterprises and eventually to medium and large businesses requires training and skills development.
“Over the past four years, DBN has provided specialized training programs for women-owned businesses, and the bank is now planning to expand these efforts to reach more women and support their business growth”, he said.
DBN, he continued, remains committed to the WE-FI Code, in partnership with the CBN and BOI, to ensure that more financing is directed toward women entrepreneurs.
Speaking about the gender-based report, Dr. Okpanachi noted that the report provides a detailed record of DBN’s efforts in gender finance since its inception.
He stated that the report not only highlights the level of investment made in supporting women entrepreneurs but also examines the impact of these investments.
He noted that the focus is not just on giving financial support, but of on measuring how it transforms businesses and contributes to the economy.
Dr. Okpanachi expressed confidence that DBN’s continued efforts in financing and capacity building would create more opportunities for women entrepreneurs, helping them scale their businesses and strengthening their role in Nigeria’s economic development.
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USTR Criticises Nigeria’s Import Ban On Agriculture, Others

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The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the  Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.

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Expert Seeks Cooperative-Driven Investments In Agriculture 

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A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.

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NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers

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The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.

King Onunwor

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