ScholarshipSet
Menu

2024 DBN Entrepreneurship Training Program

2024 DBN Entrepreneurship Training Program

Capacity building is a core mandate of the Development Bank of Nigeria, and we are committed to building the Capacity of the Nigerian MSMEs to enable them formalize, grow and become more bankable to get easy access to available credit.

This year, we would be deploying 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.

In addition, DBN will be selecting the best businesses to attend a face-to-face training. 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 some businesses will be selected to receive grant funding.

About Development Bank of Nigeria

The Development Bank of Nigeria is a development finance institution focused on alleviating financing constraints faced by Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria through providing financing, partial credit guarantees and technical assistance. The Bank was started by the Federal Government of Nigeria to provide loans to Micro, Small and Medium Scale Enterprises in Nigeria. The bank does not disburse the loan to the borrower in cash but through participating intermediary banks in Nigeria. Target sub-sectors include Agro-processing, Solid Minerals, Information Tec...&nb... continue reading

Development Bank of Nigeria


Subscribe for scholarship alert.
Be among the first to know whenever new Development Bank of scholarship is going on.

DBN Entrepreneurship Training Program

Application DeadlineNot Specified
ValueN500,000
Country to studyNigeria
TypeEntrepreneurs
SponsorDevelopment Bank of Nigeria
GenderMen and Women

Aim and Benefits of DBN Entrepreneurship Training Program

 25 businesses will be selected to receive grant funding of N500,000 each.


Requirements for DBN Entrepreneurship Training Program Qualification

  • 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


Interview date, Process and Venue for DBN Entrepreneurship Training Program

Training Format:

The program 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.

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

Timeline

  • 06-May: Registration and Online training on the DBN Biz Aid
  • 10 July – 17 July: Application process for face-to-face training
  • 24 July – 25 July: Selection and announcement of selected candidates
  • 31 July – 04 August: Face-to-face training in Abuja
  • 14 August – 18 August: Face-to-face training in Lagos
  • 25 August – 01 Sept: Face-to-face training in Port Harcourt

Application Deadline

Not Specified


How to Apply

  • All applications must be submitted online through the application portal.
  • 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.

  • 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.
  • 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.

.For more details, visit DBN website

Share this scholarship
Subscribe for scholarship alert.
Be among the first to know whenever new Development Bank of scholarship is going on.
Subscribe for scholarship alert.
Be among the first to know whenever new Development Bank of scholarship is going on.