1. What is the SSEDC program all about? How will it help me?
The SSEDC is an initiative of the Central Bank of Nigeria. This initiative aims at the reduction and possible eradication of poverty in Nigeria by helping participants imbibe entrepreneurial skills and competences required to start-up or sustainably manage and grow micro to medium-sized enterprises; to translate their ideas into 'viable and sustainable' business models; and develop actionable and bankable business plans.
2. Is it possible to access and complete SSEDC registration forms online? If yes, what are the online addresses?
Yes, you can complete our registration form online but registration will be confirmed when payment teller is received. You can also download the application form from the download session of the website.
3. What is the duration/schedule of the training program?
The training program runs for a period of 12 weeks, which includes 6 weeks of classroom activities and 6 weeks of internship session. Thereafter, the participants enjoy free business advisory services for the next 15 months, thus a total of 18-month entrepreneurial relationship and voyage.
4. Would the SSEDC give me money (grant/loan) to start my business after the training?
The SSEDC links participants who successfully complete the program to various financial options to access business funding. The Implementing Agency, SAPL has a package “SEED FUND” for participants with viable business plans.
5. How much money can I get after attending the program?
Access to business funding depends on the type of business, viability and capability of the business to fully repay the fund as agreed.
6. What is INTERNSHIP, and is it compulsory?
Internship is a platform created to help participants to obtain hands-on-practical experience and market-place intelligence in their intended areas of business. For start-up individuals, internship is compulsory.
7. Can I do internship if I am already running my own business?
For participants who have existing businesses (duly registered) or desiring to expand, they can do internship in their businesses. But if diversifying into another industry, internship is compulsory in order to fully understand the new terrain.
8. Would the SSEDC Certificate fetch me a well-paid (salary) job?
The SSEDC training is not tailored to make the participants job-seekers; instead, they are equipped to become job creators. The SSEDC certifies one as having Entrepreneurial skills hence a valuable back-up testimonial for business funding.
9. Does SSEDC train people on Vocational Skills?
SSEDC teaches entrepreneurship skills, smart and market place oriented skills which enables individuals to become employers of different vocationally skillful individuals.
10. How is Vocational training different from Entrepreneurship training?
Vocational skill teaches hands-on practical creation of products and services like carpentry, barbing, cooking, tailoring, painting, etc. while entrepreneurship is about market place oriented skill, process, product, people, regulations, environment etc. it’s about commercialization of ideas and skills. In other words the translation of skills into wealth.
11. Can I undergo the first six week phase and come back much later for the six week internship phase?
YES! This can be worked out to suit your schedule.
12. Can I do the first six week here in Calabar and do the internship outside South-South?
NO! SSEDC Monitoring and Evaluation managers would visit and evaluate participants’ learning experiences only in any of the internship sites within Calabar and around the South-South states.
13. Are there weekend classes to accommodate people who work on week days? If yes, what is the duration and time schedule?
Various programmes are currently being worked out to accommodate people with tight week days’ schedules. This will be posted to this site soonest.
14. Is access to funds automatic after training? If no, how long would it take and what does it involve in terms of collateral, etc?
Access to funds is not automatic; there are criteria to be met to make one eligible. The collaterals would depend on the type of business, amount required, duration of the payment etc. However the EDC works with participants to reduce the bottle necks experienced by members of the public whist trying to access finance.
15. Is it possible to get more than one million naira for my business?
YES! It very possible, depending on the above mentioned.
16. What is the assurance that I would have access to finance after the training?
The assurance is the viability and bankability of the business plan developed under the supervision of our business plan mentors.
17. Is there a customer-care line, online chat room for participants enquires, and must prospective participants come to the centre for enquiries?
Yes there is a customer care line which is available on the contact page of this website and we have a chat room on our social media platform: Facebook, Twitter. Enquiries can be made through all these media without necessarily visiting the centre.
18. What do I stand to benefit from SSEDC Governors’ Forum, SSEDC-Alumni club when I can easily reach out to others by myself?
Enormous benefits! Ranging from access to first-hand information, participation in our various events, preference on financial opportunities, becoming a member of the Prestigious SSEDC Alumni etc.
19. What is Enterprise form and how is it different from the Start-up and Existing business forms?
Enterprise form is a status form for both business owners and intending business owners indicating the current state of their businesses.