Nigeria, May 8 -- The Board of Directors of the African Development Bank Group (AfDB) approved a $61 million financing package for the Development Bank of Nigeria (DBN) on April 29 to expand access to affordable credit for women-owned and women-led businesses across Nigeria, particularly in the agricultural sector.The financing comprises three instruments: a $50 million gender-focused line of credit; an $8 million concessional facility under the Agri-Food SME Catalytic Financing Mechanism (ACFM); and a $3 million grant under the Bank's Affirmative Finance Action for Women in Africa (AFAWA) initiative, funded by the Women Entrepreneurs Finance Initiative (We-Fi).This package demonstrates the Bank's commitment to private sector-led growth by ...