The Development Bank of Nigeria (DBN) is set to create a dedicated fund for green projects within the Micro, Small, and Medium Scale Enterprises (SMEs) ecosystem.
DBN in a statement in Abuja, the nation’s capital, said it is the funding partner for green projects across Nigeria while the Nigeria Climate Innovation Centre (NCIC) will serve as a service provider.
The statement revealed that it is partnering with the Financial Centre for Sustainability Lagos (FC4S Lagos) and the NCIC to facilitate an environment that will ensure that the MSMEs have access to finance to execute climate-resilient and green projects in support of global drive on green and sustainability.
To this end, the DBN, and Nigeria Climate Innovation Centre (NCIC) have signed a memorandum of understanding (MoU) to fund green projects in Nigeria.
According to the statement, “the goal of the MoU is to create a dedicated fund for green projects within the Micro, Small, and Medium Scale Enterprises (SMEs) ecosystem.
