Development Bank of Nigeria DBN Entrepreneurship Training Program (₦1m Grant) (How to apply)

The DBN Entrepreneurship Training Program is the Development Bank of Nigeria’s main programme for supporting potential companies of young Nigerians.

The 7th Cycle of the Development Bank of Nigeria Entrepreneurship Training offers free online business skill training and grants ranging from ₦500,000 to ₦1 million to support company ventures.

Capacity building is a key objective of the Development Bank of Nigeria, and the bank has taught over 4000 MSMEs in Nigeria both online and physically, utilising partnerships and the DBN Learning Management System (LMS).

Target Audience: This is available to all Nigerian MSMEs from any sector who are interested in gaining the necessary information to thrive in business in Nigeria.

Development Bank of Nigeria (DBN) Entrepreneurship Training Details:

Applications are being accepted from adequately qualified applicants for the 7th cycle of the DBN Entrepreneurship Training Program.

The Development Bank of Nigeria is a development finance institution focused on reducing financial limitations faced by Micro, Small, and Medium-Sized Enterprises (MSMEs) in Nigeria by providing financing, partial credit guarantees, and technical support.

The Federal Government of Nigeria established the Bank to provide loans to Micro, Small, and Medium-Sized Enterprises in Nigeria. The loan is disbursed to the borrower through participating intermediary banks in Nigeria, rather than in cash.

Development Bank of Nigeria Entrepreneurship Training Requirements:

To be considered for the Program, you must:

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

Duration and Reward for DBN Entrepreneurship Training Program

Selected enterprises would receive grants ranging from N500,000 to ₦1 million apiece.

In addition, DBN will choose the finest firms for face-to-face training.

This physical session would allow entrepreneurs to literally apply fundamental principles to their diverse firms while also discussing and receiving business support in specific areas of need.

• All businesses will be eligible to pitch their business value proposition and some businesses will be selected to receive grant funding.

Note

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

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.

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.

How To Apply for Development Bank of Nigeria Entrepreneurship Training

Application procedures for the Development Bank of Nigeria (DBN) Entrepreneurship Training Program is as follows;

• All applicants must register on the DBN BizAid application.
• 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.

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.

DEADLINE – UNSPECIFIED 

To start the training, you have to register through HERE