Connect with us

Loans/Finance

How to Apply for CBN N500m Grant for Graduates

The Central Bank of Nigeria (CBN), on Wednesday, rolled out a new grant for Nigerian graduates and undergraduates in a bid to reduce the increasing rate of unemployment in the country. The grant is developed under the Tertiary Institutions Entrepreneurship Scheme (TIES), in collaboration with Nigerian universities and polytechnics to harness the potential of graduate entrepreneurs in Nigeria. Here we shall look at the requirements for accessing the CBN N500m grant for undergraduates and graduates.

Get Federal Government Loan for Business Startup => See Here!

According to CBN, TIES is to enable undergraduates and graduates of polytechnics and universities in Nigeria to access fund to start up a business.

CBN noted that “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.”

CBN Grant Application Requirements (CBN N500 million grant for undergraduates and graduates)

Below are the criteria for participation:

  1. Applicants must be graduates of Nigerian universities or polytechnics,

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

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

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

  5. Must not be more than 7 years of post-NYSC

How to Apply for CBN N500m Grant for Undergraduates and Gradupates

The CBN grant application is online via CBN dedicated portal. Kindly note that the portal is now open for application. To apply, check out CBN TIES Loan Application Portal.

Also Read:  How to Apply for Cars45 Loan, All Information

We will update this page once there is new information regarding the CBN TIES loan.

Note: The CBN said it would distribute N500million among the top five tertiary institutions with the best entrepreneurial pitches or ideas.

  • 1st position takes N150m,
  • 2nd position goes with N120m,
  • 3rd position is N100m,
  • 4th place is N80m, and
  • 5th position takes N50m.

Source: Nyscinfo

Share this post

Continue Reading
You may also like...
1 Comment

More in Loans/Finance

Advertisement

Recent Posts

Subscribe to Our Newsletter

Enter your email address to SUBSCRIBE for FREE to this blog and receive notifications of new posts by email.

Join 7,836 other subscribers
To Top