Development Bank of Nigeria Entrepreneurship Program 2022 Application Portal – bizaid.devbankng.com
Interested and eligible Nigerian entrepreneurs are hereby invited to submit their application forms for the 2022 Development Bank of Nigeria Entrepreneurship Program. See program details and how to apply below.
About the DBN Entrepreneurship Training Program
The development bank of Nigeria exists to alleviate financing constraints faced by Micro, Small, and Medium Scale Enterprises (MSMEs) in Nigeria by providing financing, partial credit guarantees, and technical assistance to eligible financial intermediaries on a market-conforming and fully financially sustainable basis.
In line with the above objectives, the DBN is set to deploy the DBN Learning Management System (LMS) a free learning portal with carefully curated self-paced courses. The portal is open to all Nigerian MSMEs who are interested in acquiring the right knowledge needed to succeed in doing business in Nigeria.
Read also: Sterling Bank Management Development Program
Eligibility Criteria
To participate in this program, interested candidates are to meet the following requirements;
- Owner of business must be 18 years and above
- The 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 the business to create jobs
Read also: World Bank Empowerment Program In Nigeria
Benefits
- DBN will be selecting the best 200 businesses to attend face-to-face training in Lagos and Abuja. This physical session would be an opportunity for businesses to practically apply important principles to their various businesses, discuss and receive business support in specific areas of need.
- All businesses will be eligible to pitch their business value proposition and 14 businesses will be selected to receive grant funding.
Read also: IFAD Agrihub Nigeria Training Program
How to Apply
Interested business owners are to submit their application form online via the DBN training portal here before the application deadline. After a successful application, all applicants are to follow these steps.
1. Interested businesses must register on the DBN BizAid application and must complete a minimum of 4 mandatory courses on the BizAid Learning management platform and obtain an average score of 70%. The courses that must be completed are:
a. Accounting & Bookkeeping,
b. Sustainability for MSMEs,
c. Marketing and Sales Techniques,
d. Credit Management/Access to Finance.
2. All businesses who have completed the 4 courses by September 23rd will receive an email with a link to apply for the face-to-face training.
3. Upon submission of the application form, an email confirming receipt will be sent to the applicant within a 24-hour period
4. Applicants will be screened and shortlisted from the close of the application based on the eligibility criteria.
5. Selection will be carried out using the defined selection criteria from the pool of shortlisted applications.
6. 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.
7. On site Training for selected applicants will commence on October 17th to October 21st 2022 in Lagos and Abuja.
Application Deadline
The deadline to apply for this program is September 23, 2022.