Development Bank of Nigeria Entrepreneurship Training Program 2023/2024

Development Bank of Nigeria Entrepreneurship Training Program 2023/2024 – The application window is open to all interested candidates. See below for all you need to know; the requirements, application closing date, and how to apply.

Objectives

The annual DBN Entrepreneurship Training Programme aims to achieve the following objectives:

• Ensure MSMEs are well equipped with skills and competencies to defend sound and viable business proposals.
• Improve the Capacity of MSMEs to access available credit.
• Improve the capacity of MSMEs for efficient funds utilization, trade, investments and access to markets.

Target Audience:

• This is open to all Nigerian MSMEs across any sector, who are interested in acquiring the right knowledge needed to succeed in doing business in Nigeria.

Training Format:

The programme takes a blended learning format approach of virtual and physical training.

• Virtual Training: The Virtual training is a self-paced comprehensive curriculum of the basic business principles broken down into 9 modules and will be implemented using the DBN learning management platform of the BizAid App.
• Onsite Training : This is a 5-day intense practical training and the curriculum is based on a needs assessment of the shortlisted businesses. A total of 350 businesses will be shortlisted for this to be trained in Lagos, Abuja and Port Harcourt.
• Pitching Session: All businesses will be eligible to pitch their business value proposition and 25 businesses will be selected to receive grant funding of N500,000 each.

Training Programme Process Flow

• All applicants must register on the DBN BizAid application.
• All applicants must complete a minimum of 4 mandatory courses on the BizAid Learning management platform and obtain an average score of 70% from all quizzes. The courses that must be completed are:
  •   Accounting & Bookkeeping,
  •   Sustainability for MSMEs,
  •   Marketing and Sales Techniques,
  •   Credit Management/Access to Finance.
•  All businesses who have completed the 4 courses by the stipulated deadline will receive an email with a link to apply for the face-to-face training.
• Upon submission of the application form, an email confirming receipt will be sent to the applicant within a 24-hour period.
• Applicants will be screened and shortlisted from the close of the application based on the eligibility criteria.
• Selection will be carried out using the defined selection criteria from the pool of shortlisted applications
• Communication with successful applicants shall be by email to the email address provided and a phone call to the phone number provided on the application form.
• Training will commence on announced dates consecutively in Abuja, Lagos and Port Harcourt.

Eligibility Criteria

All applicants shortlisted for the onsite training must meet the below minimum eligibility criteria:

• Owner of business must be 18 years and above.
• Business owner must be a citizen or legal resident of Nigeria.
• The business must be based in Nigeria.
• The business must be for profit from any sector.
• Applicant must be available to commit to the training schedule once accepted.

Selection Criteria:

• Bankability- Level of readiness to access credit.
• Feasibility and Sustainability of the business model.
• Scalability- Demonstrates potential for growth of business to create jobs.

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How to Apply

Interested and qualified candidates should:
Click Here to Apply

Programme Application Start and Closing Date

Activity / Start Date – End Date

• Registration and online training on the DBN Biz Aid / 06-May
• Application process for face-to-face training / 10-Jul – 17-Jul
• Selection and announcement of shortlisted participants for the face to face training / 24-Jul – 25-Jul
• Face to Face training in Abuja / 31-Jul – 04-Aug
• Face to Face Training in Lagos / 14-Aug – 18-Aug
• Face to Face Training in Port Harcourt / 25-Aug – 01-Sep

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