The Development Bank of Nigeria has released the eligibility criteria for the commencement of the 2024 edition of its flagship Annual DBN Entrepreneurship Training Programme for Micro, Small and Medium Enterprises in Nigeria.
The annual DBN Entrepreneurship Training Programme currently in its 6th Cycle, is a core mandate of the Development Bank of Nigeria, and so far, has trained over 4,000 MSMEs across Nigeria digitally and physically, leveraging partnerships and the DBN Learning Management System.
A statement from the Bank said the capacity-building programme aims to ensure MSMEs are well-equipped with skills and competencies to defend sound and viable business proposals; improve the capacity of MSMEs to access available credit, as well as improve the capacity of MSMEs for efficient funds utilisation, trade, investments and access to markets.
According to the Bank, the participating MSME must meet certain minimum eligibility criteria, which include the business owner not being below 18 years of age, and must also be a citizen or legal resident of Nigeria.
Furthermore, the business must be based in Nigeria, and such MSME which can be from any sector of the economy, must be for profit, while the owner must be available and commit to attending the training once the application for participation is accepted.
The statement adds that the selection criteria for the capacity training include bankability – that is, the level of readiness of the MSME to access credit; feasibility and sustainability of the business model; and scalability – that is, the demonstrable potential for growth and ability to create jobs.
Commenting on the 2024 DBN Entrepreneurship Training Programme (DBNETP), the Managing Director of the Development Bank of Nigeria, Dr. Tony Okpanachi, said, “I am enthralled to announce the commencement of the 2024 edition of our flagship annual DBN Entrepreneurship Training Programme (DBNETP) for Micro, Small and Medium Enterprises (MSMEs) in Nigeria. Capacity building training is pivotal for MSMEs growth in Nigeria as it bridges the knowledge and skills gap, empowering entrepreneurs to innovate, compete, and thrive in a rapidly evolving economy.”
Continuing, he stated: “Our capacity-building training is a catalyst for unlocking MSMEs’ potential as a key driver of economic growth, innovation, job creation, and prosperity in Nigeria.”
DBN Begins Entrepreneurship Training Programme For MSMEs is first published on The Whistler Newspaper