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  The Development Bank of Nigeria (DBN) is accepting applications from MSMEs across Nigeria for a place in its Entrepreneurship Training Program. Businesses accepted into this scheme will have their capacities built so that they are able to develop proposals, access and utilize funding, reach their target markets, and manage their operations for sustainable growth.
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Thus far, the DBN has trained over 2,000 MSMEs virtually and physically. It has achieved this by taking advantage of partnerships and engaging trainees via virtual and physical training platforms. The current edition of its training program, which is the 5th of its kind, will run its course in the same manner.

Benefits

Businesses which take part in the DBN Entrepreneurship Training Program will benefit from it in the following ways:
  • Learn accounting, bookkeeping, and financial management best practices
  • Gain a strong grasp of marketing and sales techniques to grow their customer base
  • Be prepared to access funding from lenders and investors
  • Stand a chance of receiving grant funding worth ₦500,000 after a pitching session
  • Learn to bake sustainability into their business models
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Eligibility

This program is open to businesses that meet the following criteria:
  • Owner must be at least 18 years old
  • They must be a citizen or legal resident of Nigeria
  • Their business must be based in Nigeria
  • The business must be for-profit and may operate in any sector
  • Applicants should be able to devote time to the training program if or when they are accepted into it
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Further Details

  • The DBN Entrepreneurship Training Program has three components: virtual training, onsite (physical) training, and a pitching event. The venues for the on-site training will be Lagos, Abuja, and Port Harcourt.
  • If you would like to apply for this program, you can do so HERE.
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This article was first published on 29th June 2023

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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