CBN TIES Loans & Grants For Graduates’ SMES 2021/2022 (7M-50M)

CBN TIES Loans & Grants For Graduates’ SMES 2021/2022 (7M-50M)

In a drive to lift Millions of Nigerians out of Poverty and Unemployment, the Central Bank of Nigeria (CBN), in pursuant to the CBN Act, 2007 is giving grants up to N150M in the Tertiary Institutions Entrepreneurship Scheme (TIES)

See 2021 NSCDC Recruitment Update: Final Documentation List

Tertiary Institutions Entrepreneurship Scheme (TIES)

TIES is in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.

The Scheme is designed to create a paradigm shift among undergraduates and graduates from the pursuit of white-collar jobs to a culture of entrepreneurship development for economic development and job creation.

The Scheme thus aims to provide an innovative financing model that will

create jobs, enhance the entrepreneurial ecosystem and support economic growth and development.

See NCS Shortlist 2021 | Download Full List of 3,200 Customs Selected Candidates

Grants- TIES Undergraduate & Graduate Grant (up To N150 Million)

Five (5) top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows:

First place – N150.0 million

Second place – N120.0 million

Third place – N100.0 million

Fourth place – N80.0 million

Fifth place – N50.0 million

The grants shall be in the following areas:

Creative industry

Science and technology

Agribusiness

Information technology

Eligibility- TIES Undergraduate & Graduate Grant (up To N150 Million)

A graduate or undergraduate to be eligible to participate in the CBN N500m grant the following Investment Companies in Nigeria Requirements for CBN N500 million grant must be met.

Must have a certificate of participation issued by a university or polytechnic as evidence of entrepreneurship training

Must not be more than 7 years of post-NYSC

Applicants must be graduates of Nigerian universities or polytechnics

Must possess First Degree Certificate (BSc, HND, or it is equivalent)

Applicants must possess National Youth Service Corps (NYSC) Certificate (Discharge or Exemption letter)

See FRSC Recruitment 2021 Update: Second Batch of Shortlisted Candidates

CBN is accepting applications for Loans of 5M and above for graduates for the past 7 yrs who have or are about to start a business.

Requirements:

CAC Certificate

BVN

NIN

TIN

Certified true copies of CAC

Valid ID

Corporate account

BSC

NYSC Discharge/Exemption

Business Report

How To Apply- TIES Undergraduate & Graduate Grant (up To N150 Million)

APPLY HERE