How To Apply For Tertiary Institutions Entrepreneurship Scheme (5M-25M)

How To Apply For Tertiary Institutions Entrepreneurship Scheme-TIES (N5M-N25M)

Nigeria’s Apex Bank (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme all so known as TIES, the scheme is meant to provide massive jobs to many Nigerians in all ramifications of life

Tertiary Institutions Entrepreneurship Scheme (TIES) seeks to bring the spirit of entrepreneurship and empower the vast majority of graduates from both Polytechnics and Universities in Nigeria

See CBN ₦500M Grant 2021/2022 Update: How To Get Your Grant Approved

Thus bringing entrepreneurial skills for Economic Development, Entrepreneurship development, and Job and wealth creation.

Successful graduates will be given between N5M to N25M with a 5% interest fee to be paid Moratorium: Maximum of 12 months

Eligible For Tertiary Institutions Entrepreneurship Scheme-TIES

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Applicants must have businesses or start-ups relating to:

Agribusiness

production, processing, storage, and logistics;

Information technology

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application/software development, business process outsourcing, robotics, data management

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

Creative industry

entertainment, artwork, publishing, culinary/event management, fashion, photography, beauty/cosmetics;

Science and technology

Medical innovation, robotics, ticketing

Requirements For Tertiary Institutions Entrepreneurship Scheme-TIES (N5M-N25M)

The activities to be covered under the Scheme shall include innovative start-ups and budding

businesses owned by graduates of Nigerian polytechnics and universities

Certificate issued by polytechnics and universities evidencing entrepreneurship training;

Duly signed Global Standing Instruction (GSI);

See CBN Empowerment Program 2021/2022 | NEXIT Loan & Training Update

Bank Verification Number (BVN);

Verified first-degree certificate (BSc/HND or its equivalent);

Verified National Youth Service Certificate (NYSC) discharge or exemption certificate;

How To Apply for Tertiary Institutions Entrepreneurship Scheme (5M-25M)

Visit their web portal here

or Apply directly here

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