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.
Benefits
25 businesses will be selected to receive grant funding of N500,000 each.
Requirements
Owner of business must be 18 years and aboveBusiness owner must be a citizen or legal resident of NigeriaThe business must be based in NigeriaThe business must be for profit from any sectorApplicant must be available to commit to the training schedule once accepted
Selection Process
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 creditFeasibility and Sustainability of the business modelScalability – Demonstrates potential for growth of business to create jobs
Timeline
06-May: Registration and Online training on the DBN Biz Aid10 July – 17 July: Application process for face-to-face training24 July – 25 July: Selection and announcement of selected candidates31 July – 04 August: Face-to-face training in Abuja14 August – 18 August: Face-to-face training in Lagos25 August – 01 Sept: Face-to-face training in Port Harcourt
Method of Application
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 Information,
Visit the Official Webpage
