The bank of industry entrepreneurship program aspires to place a new generation of creative and problem-solving entrepreneurs who will revolutionize society and revitalize the national economy by creating jobs and commercializing their answers on a worldwide scale. Because of this, the BOI-LBS Entrepreneurship Innovation Center was established to foster the growth of impact-driven businesspeople who employ for-profit business models to address issues and improve society.
The 2023 Bank of Industry Entrepreneurship Programme aims to develop for-profit business owners whose ventures are resolving issues or making a beneficial impact on society. NYSC participants, recent college or polytechnic graduates, and potential BOI clients could be among the participants of the program, the minimum qualification for participants is SSCE.
It is good to note here that Entrepreneurs in the North Central area, which includes Benue, Kogi, Kwara, Nassarawa, and Plateau State, can still register for the second intake and the registration is presently ongoing. You can visit the BOI official portal https://www.boi.ng/yes however this article will provide you with all the information that you need to have as regard the registration, requirements, and conditions to be among the participants of the Bank Of Industry Entrepreneurship program 2023 for Nigerians.
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What are the selection criteria for participants?
Here are some of the criteria that will be used in evaluating potential participants
1.) Every participant must be older than 18 years old by the time of applying.
2.) if the applicant’s entrepreneurial expertise will be advantageous; the business could be brand new or could already be operational for a while.
3.) The company or business idea must, above all, solve an issue or fill a demand, and it must be scalable.
4.) participants must be residents of Nigeria or be a citizen of Nigeria.
5.) participants must be accessible and dedicated to the training schedule
6.) Women and young people will be given special attention.
7.) Applicant have to submit two letters of recommendation.
Method of Application:
If you are interested in this program, you can take the following steps to apply.
- Fill out the application form online (upload certificates and two letters of recommendation)
- Conducting interviews
- Successful applicants will receive admission letters.
Requirements for Certification
Participants must meet up with the following criteria to be eligible to get a certificate at the end of the scheduled period of the program:
1.) You must participate in at least 80% of the sessions for each course and earn at least a 60% grade in each one to be eligible to receive a certificate.
2.) You will be judged to be of excellent character as specified in the training policy that will be acknowledged by you upon admission.
Structure of Programme:
The programme is structured for three months, and the following classes on business management and entrepreneurship will be held three days per week. The three days are:
Tue, Wed, and Thu, every week
- Session 1: 10.00am – 11.15 am
- Break: 11.15am – 11.45 am
- Session 2: 11.45am – 1.00 pm
- Lunch break: 1.00pm – 2.00 pm
- Session 3: 2.00pm – 3.15 pm
It is good to note that registration for this program is still ongoing and registration will close on the 30th day of March2023.
You can apply on the official website by visiting www.bia.lbs.edu.ng/application-form
FAQS
How much can young people borrow from BOI?
Any bankable business idea is eligible for a loan of up to N2 million at 0% interest. The loan will last for three to five years.
What is the function of the Bank of Industry?
The BOI has the mandate to transform Nigeria’s industrial sector, by providing financial support for the creation of large, medium, and small businesses, as well as for the expansion, diversification, and modernization of already-existing businesses, as well as for the rehabilitation of failing ones.
