2024 PROVIDUSBANK SMALL AND MEDIUM ENTERPRISE (SME) PROGRAM TAILORED FOR YOUNG NIGERIAN ENTREPRENEURS."

2024 PROVIDUSBANK SMALL AND MEDIUM ENTERPRISE (SME) PROGRAM TAILORED FOR YOUNG NIGERIAN ENTREPRENEURS.”

The PROVIDUS BANK SME PROGRAM 4th Cohort is currently accepting applications.

This program, developed by Providus Bank in collaboration with the Enterprise Development Centre, aims to enhance the capabilities of Nigerian business owners. It equips them with essential skills and competencies necessary for crafting long-term strategic plans, thereby enabling business transformation and fostering profitability.

To be eligible for participation, the business owner must be either a citizen or a legal resident of Nigeria. Additionally, the business must be both based and registered with the Corporate Affairs Commission (CAC) in Nigeria. The program is open to for-profit businesses from any sector. Successful applicants must be able to fully commit to the training schedule upon acceptance. Furthermore, businesses must have operated for a minimum of five years, with a sales/turnover ranging between 25 – 50 million naira, and they must maintain comprehensive financial records.

Participating in the PROVIDUS BANK SME PROGRAM offers numerous benefits, including access to specialized training and resources tailored to the needs of Nigerian entrepreneurs. By investing in the development of these business leaders, the program aims to drive sustainable growth and economic prosperity within the country. Apply now for the chance to join the 4th Cohort of this transformative initiative.
ProvidusBank, in collaboration with the Enterprise Development Centre, has introduced the ProvidusBank SME Program in Nigeria. This initiative aims to enhance the skills and capabilities of local business owners, empowering them to formulate strategic plans for sustainable growth and increased profitability.

Key benefits of the program include:

Assistance in crafting tailored growth plans for businesses.
Enhancement of leadership skills to effectively manage teams.
Clear definition of the value proposition of participating businesses.

Implementation of structures to ensure long-term viability.
Development of effective ‘go-to-market’ strategies for products and services.
Access to personalized business advisory services to address specific challenges.

Opportunities for interaction and knowledge sharing with fellow entrepreneurs.
Establishment of a valuable network for both business and personal development.

Eligibility Criteria:

To be eligible for participation, the following requirements must be met:

The business owner must either hold Nigerian citizenship or legal residency.
The business must be both based and officially registered with the Corporate Affairs Commission (CAC) in Nigeria.
The business must operate for profit within any sector.

Applicants must be willing and available to adhere to the training schedule upon acceptance.
The business must have been operational for a minimum of five years.
The business should demonstrate a sales turnover of at least 25 to 50 million naira.

Maintaining financial records is mandatory.

Program Benefits:

The program aims to assist businesses in achieving the following objectives:

Formulate a growth plan tailored to their respective businesses.

Enhance the leadership skills of participants to effectively manage their teams.
Clearly articulate the value proposition of their businesses.
Implement sustainable structures for long-term viability.

Develop a comprehensive ‘go-to-market’ strategy for products and services.
Receive personalized business advisory to address specific company challenges.
Engage with fellow entrepreneurs to exchange ideas and share industry best practices.