• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 12, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Access Bank Gets DFC’s $280m Funding To Boost SMEs Lending

by Innocent Odoh and Bukola Idowu
3 years ago
in Business, News
Access Bank
Share on WhatsAppShare on FacebookShare on XTelegram

United States International Development Finance Corporation (DFC) has committed to provide a $280 million financing for Access bank to bridge the funding gap for small and medium scale enterprises as well as boost the county’s financial inclusion level.

 

Advertisement

Chief executive of DFC, Scott Nathan, speaking at the signing of commitment letter for the $280 million financing said, the loan will help address the financing gap for SMEs and advance financial inclusion in Nigeria, just as he noted Access Bank’s commitment to supporting women-owned and -led businesses.

 

To him, “DFC’s investment in Access Bank demonstrates U.S. support for private sector-led development in Nigeria and throughout West Africa. The $280 million loan from DFC will boost financial inclusion in Nigeria and empower women, bolstering the country’s economic growth.”

 

RELATED

Mechanical Engineer From Kwara — All You Need To Know About New NNPCL Boss Bashir Ojulari

Sale Of State-owned Refineries Not Ruled Out–NNPC GMD

9 minutes ago
Against All Odds: 10-Year-Old Survives 10 Surgery  After Abandonment

Against All Odds: 10-Year-Old Survives 10 Surgery After Abandonment

10 minutes ago

Also speaking at the signing, the U.S. Ambassador to Nigeria, Mary Beth Leonard said: “we welcome U.S. International Development Finance Corporation CEO Scott Nathan to Nigeria. We look forward to discussing with the public and private sectors how DFC funding can be leveraged to unleash the full economic potential of Nigeria through support to the country’s small and medium-sized businesses, financial sector, and climate change-focused enterprises.”
Managing director of Access Bank, Roosevelt Ogbonna, on his part, said: “Access Bank is extremely pleased to announce this strategic partnership with DFC to support the multitude of businesses across Nigeria who stand to benefit from greater access to finance, especially in an environment that is in need of stronger economic diversification.mWe look forward to utilising the partnership with DFC in driving further economic expansion and inclusion in Nigeria, with a strong focus on non-oil sectors and women businesses.”
Head of Emerging Markets, Corporate Bank, at Citi Bank, Rizwan Shaikh, said: “we are delighted to have collaborated with Access Bank and DFC on this significant transaction, which will significantly boost SME corporate activity in Nigeria. This is yet another milestone stride for Citi as it executes a focused local-economy development strategy based on solid partnerships with key clients and development agencies.”
DFC financing for Access Bank will provide needed liquidity given the global economic downturn caused by the COVID-19 pandemic. The loan is expected to support at least 4,000 new SME loans in Nigeria.
In her reaction, the US Ambassador to Nigeria, Mary Beth Leonard, said “we welcome US International Development Finance Corporation CEO Scott Nathan to Nigeria. “We look forward to discussing with the public and private sectors how DFC funding can be leveraged to unleash the full economic potential of Nigeria through support to the country’s small and medium-sized businesses, financial sector, and climate change-focused enterprises.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Access bank
SendShareTweetShare
Previous Post

NLNG, APM Terminals, Others Win Maritime, Offshore Award

Next Post

Moove To Launch 30,000 Vehicles, Expands To India

Innocent Odoh and Bukola Idowu

Innocent Odoh and Bukola Idowu

You May Like

Mechanical Engineer From Kwara — All You Need To Know About New NNPCL Boss Bashir Ojulari
Cover Stories

Sale Of State-owned Refineries Not Ruled Out–NNPC GMD

2025/07/12
Against All Odds: 10-Year-Old Survives 10 Surgery  After Abandonment
Cover Stories

Against All Odds: 10-Year-Old Survives 10 Surgery After Abandonment

2025/07/12
PDP Stakeholders In Kano Set To Meet Over Internal Disputes
News

PDP Stakeholders In Kano Set To Meet Over Internal Disputes

2025/07/12
Natasha Presents Bill For Ihima Federal Medical Centre
News

Natasha’s Team Submits Court Verdict CTC To Senate, Says Lawmaker To Resume July 15

2025/07/12
INEC Notifies Natasha, Akpabio Of Recall Process
News

Contempt: Natasha Fires Back, Appeals ₦5m Fine Over Facebook Post

2025/07/11
SGF Akume Denies Appointing Odunuga As Media Adviser
News

SGF Akume Denies Appointing Odunuga As Media Adviser

2025/07/11
Leadership Conference advertisement

LATEST

Sale Of State-owned Refineries Not Ruled Out–NNPC GMD

Against All Odds: 10-Year-Old Survives 10 Surgery After Abandonment

PDP Stakeholders In Kano Set To Meet Over Internal Disputes

Natasha’s Team Submits Court Verdict CTC To Senate, Says Lawmaker To Resume July 15

Contempt: Natasha Fires Back, Appeals ₦5m Fine Over Facebook Post

Liverpool To Retire Number 20 Jersey In Honour Of Diogo Jota

SGF Akume Denies Appointing Odunuga As Media Adviser

Aso Rock Rats Invasion Story Meant To Deflect Buhari’s Illness – Garba Shehu

After Supreme Court Victory, Okpebholo Vows To Probe Obaseki

Dafinone Hails Okpebholo’s Supreme Court Victory, Urges Inclusive Leadership

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.