Applications for the Development Bank of Nigeria (DBN) Entrepreneurship Training Programme 2023 are open.
Now in its 5th Cycle, the DBN Entrepreneurship Training Programme (DBNETP) is DBN’s flagship initiative.
With the capacity building being a primary mandate, DBN has trained over 2,000 MSMEs across Nigeria digitally and physically through the DBN Learning Management System (LMS) and partnerships.
About the DBN Entrepreneurship Training Programme
The annual DBNETP aspires to meet the following objectives:
- Ensuring MSMEs have the necessary skills to create viable and robust business proposals
- Enhancing the ability of MSMEs to access the available credit
- Strengthening the capacity of MSMEs for efficient fund utilization, trade, investments, and market access
The program employs a blended learning format that includes virtual and physical training.
This consists of a self-paced comprehensive curriculum of basic business principles broken into nine modules. The training will utilize the DBN learning management platform of the BizAid App.
This consists of a 5-day intensive practical training based on a needs assessment of the shortlisted businesses.
Three hundred fifty businesses will be selected for this phase to be trained in Lagos, Abuja, and Port Harcourt.
All participating businesses will have the opportunity to pitch their business value proposition, and 25 businesses will be chosen to receive grant funding of N500,000 each.
- Business owners must be at least 18 years old.
- The owner of the business must be a Nigerian national or authorized resident.
- The company must be in Nigeria.
- The company can operate in any industry and must be for profit.
- Once accepted, the applicant must be willing to commit to the training schedule.
Training Programme Process Flow
The program involves several steps, beginning with registration on the DBN BizAid application.
Applicants must complete at least four mandatory courses on the BizAid Learning management platform, achieve an average score of 70% on all quizzes, and then apply for face-to-face training.
A screening process will select eligible businesses based on specific criteria.
- Bankability – The readiness level to access credit.
- Feasibility and Sustainability of the business model.
- Scalability – Demonstrated potential for business growth to create jobs.
For additional information, visit the DBN website.
The application process is ongoing.
The DBN Entrepreneurship Training Programme presents a unique opportunity for business owners to build the necessary skills for success.
Eligible entrepreneurs are encouraged to apply and leverage this unique opportunity.
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