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Providus Bank SME Challenge For SMEs In Nigeria – Apply Now

SME Challenge

Application for the Providus Bank SME Challenge is currently ongoing. This is for Small and Medium Enterprises (SMEs) fully registered and operating in Nigeria. This a challenge that will equip you with the skills and competencies you need to profitably run your business.

So, if you own a small business and you are above the age of 18, this is for you.

See Also: Vital Voices (VV) GROW Fellowship 2021 For Women In Business

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

About The Providus Bank SME Challenge

The SME Challenge is an initiative of EDC and ProvidusBank which aims at equipping small and medium enterprises (SMEs). The initiative will be providing skills and competencies that the SMEs require to be able to run their businesses profitably, defend sound and viable business proposals. Also, it will equip with efficient funds utilization, trade, access to markets, and prepare the SMEs to access funding. 

Through this program, the challenge will enhance the entrepreneurial and managerial competencies of Nigerian SMEs towards building sustainable business practices and provide support that will enable you to navigate business challenges.

See Also: GSMA Innovation Fund For Assistive Tech In Africa And Asia

What To Expect

The SME Challenge will provide capacity building for SMEs in 3 phases;

Phase 1 – Capacity Building for 500 SMEs: 500 candidates will be onboarded, trained, and granted access to the SMEtoolkit’s resources. This toolkit contains a set of tools that will equip businesses to gain competitive advantage, a free business advisory from renowned experts, and access to software packages, business forms, training resources, and templates that can help your business succeed.

Phase 2 – Business support for the top 50 SMEs: In phase 2, the top 50 candidates selected from the 500 will receive additional business consultations. 

Phase 3 – Enterprise Development program for the top 15 SMEs: Then, in the 3rd phase, 15 SMEs will be given a Customised Enterprise Development program coupled with intensive business support.

See Also: McKinsey Young Leaders Programme Fellow – Africa Delivery Hub

Eligibility Criteria

To be Eligible for the program, you must be:

  1. A Nigerian
  2. 18 years and above
  3. Own a viable business that is registered and operated in Nigeria
  4. A for-profit business from any sector
  5. Educated with minimum qualification of Ordinary National Diploma (OND)
  6. Able to carry out the application process online
  7. You will commit to the training schedule, physically and virtually, once accepted

Once you meet all the above requirements, you can register. After this, you will receive a confirmation email with all the details to log in, then complete your registration.  

You can also save and continue until you are done with the application, then, submit before the deadline.

See Also: Compassionate Integrity Training (CIT) 2020 Program For Educators In Africa

The deadline for application for the Providus Bank SME Challenge is September 21, 2020. If you are willing to benefit from this opportunity, you can use this link to apply; https://reg.smetoolkit.ng/program-apply/providus-bank-smetoolkit-challenge

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

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