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Economic development

DBN Launches 7th Annual Entrepreneurship Training Programme for Nigerian Entrepreneurs

Strategic Insights

— 1 min read

The Development Bank of Nigeria (DBN) Plc has announced the launch of its 7th annual Entrepreneurship Training Programme (DBNETP), aimed at empowering Nigerian entrepreneurs and micro, small, and medium enterprises (MSMEs). The programme, which will be conducted across 12 cities in Nigeria's six geo-political zones, offers both online and in-person training at no cost, covering topics such as credit management, sustainability, accounting, and marketing. Participants who complete the four mandatory courses and achieve a minimum 80% score will be shortlisted for in-person training and the opportunity to pitch innovative business ideas for grants to scale their ventures.

Key Takeaways:

  • The DBNETP is open to all Nigerians interested in entrepreneurship and will be conducted across 12 cities in Nigeria's six geo-political zones.
  • The programme includes expert-led online modules and an in-person workshop, with participants required to complete four mandatory courses and achieve a minimum 80% score.
  • Shortlisted candidates will receive an email with a link to apply for the in-person training and can also pitch innovative business ideas for grants to scale their ventures.
  • The programme aims to equip MSMEs with skills to access credit, manage funds, and enhance business sustainability, reinforcing DBN's commitment to Nigeria's economic development.
  • Dr. Tony Okpanachi, DBN's Managing Director/CEO, has emphasized the programme's role in fostering economic growth and highlighted DBN's achievements, including the disbursement of over N1 trillion to MSMEs and the creation of more than 1.2 million jobs.

Statistics:

  • The DBNETP has been running for 7 years.
  • The programme will be conducted across 12 cities in Nigeria's six geo-political zones.
  • Participants must achieve a minimum 80% score across three quizzes.
  • Shortlisted candidates can pitch innovative business ideas for grants to scale their ventures.
  • DBN has disbursed over N1 trillion to MSMEs, resulting in the creation of more than 1.2 million jobs.
  • The bank aims to scale up its impact, targeting 20% of loans for women-led businesses and 40% for enterprises owned by economically disadvantaged Nigerians.

Sources:

  • "DBN Launches 7th Annual Entrepreneurship Training Programme for Nigerian Entrepreneurs and MSMEs" by Development Bank of Nigeria (DBN) Plc

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