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)
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