CBN Releases Eligibility Criteria For Entrepreneurship Development Centres

The Entrepreneurship Development Centre(EDC) project is an initiative of the Central Bank Of Nigeria (CBN) that aims at tackling youth unemployment and eradicate poverty in Nigeria.

The idea is for interested public sector institutions that will be supported by CBN, foster private oriented and sustainable entrepreneurship development programmes in their respective zones.

The Central Bank Of Nigeria recently released criteria for selection of Entrepreneurship Development Centres under the Agribusiness, Small and Medium Enterprises (AGSMEIS).

Below are the criteria released by CBN

ELIGIBILITY CRITERIA /CHECKLIST FOR SELECTION OF ENTREPRENEURSHIP DEVELOPMENT CENTRES UNDER THE AGSMEIS

S/N CRITERIA REMARKS (YES OR NO)
1 a) Must be duly registered with Corporate Affairs          Commission (CAC) or

b) Be a Public-Sector Institution.

 
2 Must have been in existence for a minimum of three (3) years with evidence of past trainees.  
3 Must have qualified faculty in the functional areas listed on the attached.  
4 Must have at least 5 workshops and 5 classrooms well equipped for training.  
5 Must provide training modules with a robust curriculum which should include vocational, skill acquisition and entrepreneurship training.  
6 Must demonstrate with proof, track record of mentoring and training Small and Medium Enterprises (SMEs).  
7 Must have at least 2 years audited financial records.  
8 Provide tax Identification number and Bank Verification Number (BVN) of the Entrepreneurship Development Centre (EDC) and its promoters.  
9 Provide evidence of tax payments  
10 Provide a minimum of 3 months training for start-up businesses in the identified functional areas on the attached list, however, existing businesses could be less.  

 

N/B: This checklist is subject to review by the Central Bank of Nigeria (CBN) from time to time.

 

FUNCTIONAL TRAINING AREAS FOR ENTREPRENEURSHIP DEVELOPMENT CENTRES UNDER AGSMEIS

  1. Agriculture & Agro- allied Processing
  2. Art &Entertainment
  3. Automobile Services
  4. Fashion and Dressmaking
  5. Catering & Event Management
  6. Courier & Delivery Services
  7. Creative Industry
  8. Apparels and Textiles
  9. I.C.T
  10. Cottage Industry
  11. Media
  12. Publishing
  13. Telecommunications
  14. Hospitality
  15. Health Services
  16. Welding and fabrication
  17. Animal Husbandry
  18. Cosmetics, Beauty and Makeup Artistry
  19. Electrical and Electronics
  20. POP and Tiling
  21. Carpentry
  22. Masonry
  23. Kerbs and Electric Pole making
  24. General Management( applies to all disciplines )