The System of National Development Banks in Nigeria: The Case of the Development Bank of Nigeria

Paul Terna Gbahabo (), Benjamin Agyeman and Sylvanus Ikhide
Additional contact information
Paul Terna Gbahabo: Stellenbosch Business School
Sylvanus Ikhide: Stellenbosch Business School

Chapter Chapter 3 in Perspectives on Development Banks in Africa, 2024, pp 43-76 from Springer

Abstract: Abstract This chapter examines the system of national development banks in Nigeria, with a specific focus on the Development Bank of Nigeria. The Bank was established with the primary mandate to provide credit financing, credit guaranteeing, and technical assistance to the MSME sector. The chapter undertakes an overview of the development finance landscape in Nigeria and explores the Development Bank of Nigeria's financial performance and the achievements and challenges it faces. It reveals a complex network of development financing activities, ranging from financing, leasing, risk-sharing, credit guaranteeing, insurance coverage, refinancing, debt factoring, and technical assistance provision to enterprises across all sectors of the economy under the regulation and supervision of the Central Bank. Unlike the prevalent wholly-owned ownership structure amongst DFIs in Nigeria, the Development Bank of Nigeria is a public limited company with joint ownership and control between the government and other international development partners. The Bank operates a wholesale lending business model under strict corporate governance and risk management regime.

Keywords: National Development Banks; Development Finance Institutions; Development Bank of Nigeria; Business Models (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-59511-0_3

Ordering information: This item can be ordered from
http://www.springer.com/9783031595110

DOI: 10.1007/978-3-031-59511-0_3

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().