DEVELOPMENT BANK
A development bank is a bank specifically established to provide long-term finance (loan) for various development projects, which help to accelerate economic development.
Examples of development banks are the Nigerian Bank for Commerce and Industry (NBCI) (1973), Nigerian Industrial Development Bank (NIDB) (1964), the Nigerian Agricultural and Co-operative Bank (NACB) (1973) etc.
FUNCTIONS OF DEVELOPMENT BANKS
Assignment (Post your answer and question title using the box below for evaluation and discussion)
State three (3) functions of development bank.
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