2021 DBN Entrepreneurship Training Programme: All You Need to Know
Have you heard about the 2021 DBN Entrepreneurship Training Programme? If you are yet to, read this post to the end.
Entrepreneurs need to acquire as much training as possible. The Development Bank of Nigeria (DBN) understands this. As such, it has put plans in place to provide entrepreneurs in Nigeria with adequate training.
In this post, we will discuss this initiative from DBN, the eligibility criteria, and how to register. Let’s dive straight in.
About the DBN Entrepreneurship Training Programme
The Development Bank of Nigeria was established to ease the financial constraints that MSMEs in the country face. It does this through financing and providing technical assistance to all eligible owners of SMEs in Nigeria.
The DBN Entrepreneurship Training Programme falls under its technical assistance function. Through this training, SMEs will increase their capacity to produce and deliver in different sectors. As such, that they can become eligible for credit facilities.
What is the program scope?
The DBN Entrepreneurship Training Programme will have this scope:
- Target group: All MSMEs based in Nigeria are the main target of this programme.
- Location of training: There are two locations for physical training. They are Abuja (for the micro-enterprises) and Lagos (for SMEs).
- Implementation: DBN spearheads this training programme. It will work in partnership with several other bodies to ensure that MSME owners will receive adequate training. Some of these bodies include Enterprise Development Center (EDC), Google, Wider Perspective Limited (WPL), and Pan Atlantic University.
What is the program format?
In this section, we will show you the format in which the DBN Entrepreneurship Training Programme will be run.
- It will begin with a highly competitive process of application. All interested MSMEs are expected to register promptly and complete the registration process.
- After the registration, there will be a strict scrutinizing process to pick out qualified MSMEs.
- The DBN has instituted an experienced faculty that will develop a curriculum to suit the needs of the shortlisted MSMEs.
- Training sessions will be held both online and at physical centers.
- Industry experts will provide advisory services to shortlisted MSMEs after training. They will make contact immediately after the training and 5 months after this initial contact.
- Each shortlisted MSME will receive a DBN Entrepreneurship Training Certificate at the end of the training period.
2021 DBN Entrepreneurship Training Programme Structure
By now, you must be wondering what the programme structure for this training is like. This training will help to equip Nigerian entrepreneurs to become better. After the training, the entrepreneurs should have acquired adequate skills and knowledge that will make them thrive.
The knowledge that they gain will help to improve their competitive advantage in their different sectors. This programme will be split into two stages. The DBN will implement both stages over three months. Below is the process flow of the 2021 DBN Entrepreneurship Training Programme:
- 1,000 pre-selected entrepreneurs will go through a self-paced digital marketing course. This stage will be available to the entrepreneurs for a month between August 16 and September 10.
- The first two-hundred-and-fifty MSMEs to complete the first stage of the training will receive an invitation to the next stage. Google Nigeria will facilitate these training sessions. After this stage, the top 200 performers will be chosen for physical training sessions in Abuja and Lagos.
- The faculty will design a new curriculum to suit the needs of the top 200 performers on a needs-based analysis.
- Shortlisted MSMEs will receive invitations to attend a pitching session. This will be a window for them to access funding.
- All the successful MSMEs that complete the training process will receive a DBN Entrepreneurship Certificate.
Eligibility Criteria
There are certain criteria that your business must meet to be eligible for this training programme. Below are the eligibility criteria for the training programme:
- The business owner should be 18 years old or above.
- They should be a citizen of Nigeria or a legal resident in the country.
- The MSME must be based in Nigeria and registered with CAC.
- It must be a profit-based business.
- All applicants should be available for the training sessions.
Selection criteria
Below are the selection criteria:
- Bankability.
- Scalability. It should demonstrate growth potential.
- Sustainability and feasibility of the business model.
2021 DBN Entrepreneurship Training Programme Application Process
How do you apply for the 2021 DBN Entrepreneurship Training Programme? Check the steps below:
- Applicants should submit their applications via the dedicated application portal. The application opens on July 5 and closes on August 1.
- After submitting the application form, the applicant will receive a confirmation email within twenty-four hours.
- DBN will screen the applications strictly to come up with a list of successful applicants.
- Successful applicants will receive emails and phone calls to inform them of their qualifications.
Conclusion
There you have it for the 2021 DBN Entrepreneurship Training Programme. If your business qualified for this training programme, we advise that you submit your application immediately.
