Nigerian Economic Society Confers Fellowship On Development Bank MD

The managing director/chief enforcement serviceman of Development Bank of Nigeria (DBN), Tony Okpanachi, has been conferred with the Fellowship of the Nigerian Economic Society (NES), 1 of the highest honours of the assemblage since its constitution successful 1957.

After receiving the award, Okpanachi described the designation arsenic a important milestone successful his nonrecreational journey, noting that lone 74 radical person been admitted into the fellowship since its inception.

“It is simply a privilege to beryllium counted among specified a prime group,” helium said. “As a trained economist and a improvement banker, this designation aligns with my relation astatine DBN, wherever we supply entree to concern for micro, tiny and mean enterprises (MSMEs), the bedrock of the Nigerian economy. It is each tied to ensuring sustainable maturation for Nigeria.”

He emphasised the strategical value of the Society’s advisory relation successful shaping the Nigerian economy, saying the fellowship volition further fortify his publication to nationalist economical discourse.

On the taxable of this year’s NES conference, Rethinking Africa’s Development, Okpanachi stressed the request for policies that beforehand inclusive alternatively than exclusive growth.

“Inclusive maturation is erstwhile everyone is carried along,” helium noted. “While Africa has consistently discussed GDP maturation and different indices, inclusive maturation remains a large challenge. For Nigeria, contempt our targets, we inactive lag successful respective improvement indicators. We request coordinated efforts by policymakers, operators and stakeholders to enactment the state connected a sustainable maturation trajectory.”

The DBN main explained that his acquisition bridging concern gaps for SMEs volition signifier his contributions to NES conversations.

“From mentation to practice, that is what I bring to the table,” helium said. “My inheritance arsenic an economist and arsenic a practitioner successful banking, particularly improvement banking, gives maine theoretical and applicable perspectives. This dual acquisition helps successful uncovering workable solutions for inclusive growth.”

Okpanachi reaffirmed DBN’s committedness to expanding fiscal inclusion by addressing access-to-finance challenges faced by MSMEs, which helium described arsenic captious players successful achieving semipermanent nationalist development.