CBN ₦500M Grant 2023/2024 Update: How To Get Your Grant Approved

CBN ₦500M Grant 2023/2024 Update: How To Get Your Grant Approved

CBN ₦500M Grant 2023/2024 Update: How To Get Your Grant Approved: The CBN ₦500Million Grant introduced to both graduates and undergraduates to reduce poverty and unemployment in the country has started getting approvals

See CBN Introduces ₦500 Million Grant For Graduates/Undergraduates-Apply

In a drive to lift Millions of Nigerians out of Poverty and Unemployment before 2030, 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)
If you have registered, you can check your web-portal dashboard and see your registration status, it it has changed to APPROVED-congratulation, this is because your account will be funded by CBN

If you have registered and your status is still showing pending, all you have to do is to wait, you can also edit some of your information supplied during registration for easy approvals

See Inside FG’s $12B Loan/Grant Program for 2022: (No.3,5,9 Are Impressive)

How To Get Your Grant Approved

To get the CBN grant directly into your bank account:
Make sure your bank account is linked with BVN
Your bank account is upgraded to carry large sums
You are not working in any FG/States Institutions
Not collect any of the FG/CBN loans
Must be Undergraduate or Graduate
Must have a business on the ground to be funded

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.

See SEIFAC Loan N12.5B Update: ATM Card Collection/New Payment Date

The Scheme thus aims to provide an innovative financing model that will
create jobs, enhance the entrepreneurial ecosystem and support economic growth and development.

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)

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