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)
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.
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:
Science and 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.
Certified true copies of CAC
How To Apply- TIES Undergraduate & Graduate Grant (up To N150 Million)