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Home Opportunities

Apply for CBN N500 Million Grant for Graduates and Undergraduates 2021

Praise Tochukwu by Praise Tochukwu
October 21, 2021
in Opportunities
110
500 million naira cbn grant

500 million naira cbn grant

The Central Bank of Nigeria has disclosed a new initiative titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’, dated October 2021.

The scheme is to enable graduates and none graduates get finance to start or grow their business. CBN initiated the programme with the Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.

The apex bank stated that the development of TIES was to address the trend of graduates seeking whitecollar jobs and turn their attention to the creation of jobs.

CBN stated 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.”

Regarding the grant, the CBN would distribute N500million among the top 5 tertiary institutions with the best pitch.

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Apply for CBN N500 Million Grant for Graduates and Undergraduates 2021

CBN said, “Five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows: first place – N150m; second place – N120m; third place – N100m; fourth place – N80m; and fifth place – N50m,”

The apex bank stated that it, ”shall constitute a Body of Experts (BoE) from the private and public sector for the biennial regional and national entrepreneurship competitions to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities. The Body of Experts (BoE) shall recommend projects with high potential and transformational impact for the grant award.”

Projects financed under the Scheme shall be monitored by independent monitors jointly engaged by the CBN and PFI

The Scheme would be operated for 10 years in the first instance (not exceeding 31st December 2031) depending on the complexity of the project.

Interest payment and principal repayment should be made on a monthly or quarterly basis by the obligor depending on the established cash flow cycle and in line with the approved repayment schedule.

Eligibility criteria for participation

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with:

  1. First-degree certificate (BSc/HND/ or it is equivalent);
  2. National Youth Service Certificate (NYSC) discharge or
    exemption certificate;
  3. Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and
  4. Not more than 7 years post-NYSC.

The link for the application will be dropped here, please come back later or kindly leave a comment below with your email address and we would notify you shortly.




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Comments 110

  1. Taiwo says:
    2 years ago

    Tolamide7@gmail.com
    I need to to kick start by business.
    I have been delayed because of fund.

    Reply
  2. Olayinka Emmanuel kayode says:
    3 years ago

    I am interested, please send to me

    Reply
  3. Kolawole Michael says:
    3 years ago

    Pls I need this money to improve my fabric industry my email address is michaelkolawole2020@gmail.com

    Reply
  4. Saratu mohammed says:
    3 years ago

    I,m interested please.

    Reply
  5. Peter Z Gata says:
    3 years ago

    I like it

    Reply
  6. Ismail Isah Idris says:
    3 years ago

    I am interested in it.

    Reply
  7. JOHN ADEDIBU OGUNSOLA says:
    3 years ago

    I want to apply for grant of five million for farming

    Reply
  8. Terseer Moses Chiakaa says:
    3 years ago

    I like it

    Reply
  9. Mukhtar umar says:
    3 years ago

    I’m interested

    Reply
  10. Idowu j says:
    3 years ago

    Kudos to the CBN as a whole pls I need this grant to upgrade my farm and to buy new equipment for fumigation services my mail is solardd192@gmail.com . Thanks for your usually cooperation

    Reply
  11. OLADEBO idowu Sekinat says:
    3 years ago

    I’m interested but,I’m NCE holder,kindly assist me in my school business

    Reply
  12. Ojo Ebun joy says:
    3 years ago

    Am interested

    Reply
  13. Pelemo gabriel says:
    3 years ago

    I like the programm

    Reply
  14. Nwajuakuchinonso says:
    3 years ago

    Please I am interested in the loan I am a graduate, I need money to start up a business

    Reply
  15. Nwajuakuchinonso says:
    3 years ago

    I am interested to apply for the loan, I am well qualified with my certificate sir my email is nwajuakuchinonso209@gmail.com

    Reply
  16. OKOLOBA SEIFEGHA PRONTO says:
    3 years ago

    Please notify me when the form is out.

    Reply
  17. OKOLOBA SEIFEGHA PRONTO says:
    3 years ago

    Please notify me the form is ready

    Reply
  18. Simon Damo Kunaza says:
    3 years ago

    Wonderful. This nice good opportunity for me to develop my business.

    Reply
  19. obafemi says:
    3 years ago

    thanks fot the oppurtunity

    Reply
  20. Duru Jovita says:
    3 years ago

    Please I am interested for the grant to upgrade my lab and buy more equipment, please I will be very grateful if I get the grant.

    Reply
  21. Mailafiya Alheri says:
    3 years ago

    Ready to apply but you should note that is not quite long that some schools started giving entrepreneurship participation certificate as most of the graduates do not have it. Pls look into it and bring other requirements so that people like us will be able to apply. Thanks.

    Reply
  22. Musa Musa Abdulaziz says:
    3 years ago

    I’m interest please

    Reply
  23. Abdullahi Simbiat says:
    3 years ago

    Am interested please

    Reply
  24. DAUDA YUSUF SABO says:
    3 years ago

    Am seriously interested in the grant.

    Reply
  25. Olalere Suliyat Ayobami says:
    3 years ago

    I’m interested

    Reply
  26. Theresa ofana says:
    3 years ago

    Pls I need this loan to set up my hair dreesing salon.thank you.

    Reply
  27. Koomii Magnus Deebari says:
    3 years ago

    Good morning sir, my name is koomii Magnus Deebari, I want to apply for the grant to support my small business that was affected by covid 19 , please i wish the grant will be given to me, even if is three million (3000000) thank you sir.

    Reply
  28. Nwoke ezinwa says:
    3 years ago

    Am interested please

    Reply
  29. Asama Joshua says:
    3 years ago

    I. Am interested

    Reply
  30. Adeyemi Toluwase says:
    3 years ago

    Am interested, had my certificate in Medical laboratory technology…
    We like to set up my own laboratory but the money is not available

    Reply
  31. Chris says:
    3 years ago

    Interested

    Reply
  32. Udeme Akpan says:
    3 years ago

    My name is Udeme Akpan a graduate of Engineering & am into Welding & Fabrication, I need fund to expand my welding workshop

    Reply
  33. Udeme Akpan says:
    3 years ago

    Am interested to take my welding career to another level if the fund given to me

    Reply
  34. Musa Abubakar Bodinga says:
    3 years ago

    We Nigeria is the ways are redusing unenployee

    Reply
  35. Amadi promise okechukwu says:
    3 years ago

    My name is Amadi promise okechukwu,a graduate of Environmental health technology, l hail from Rivers State.
    This will be a welcome development if this opportunity is given to Nigeria graduate as it will go a long way in reducing poverty rate in Nigeria. Please carry on with the idea, I am interested. God bless Nigeria.

    Reply
  36. Alhamdu Nathaniel says:
    3 years ago

    Am interested

    Reply
  37. Yusuf Achi says:
    3 years ago

    This is welcome development, iam interested to apply.

    Reply
  38. agaigbesilas says:
    3 years ago

    plz Am also interested

    Reply
  39. Hamza Ibrahim Hamza says:
    3 years ago

    I am interested in the loan ,and I am qualified to apply. Please how can I apply

    Reply
  40. Kolade moshood opeyemi says:
    3 years ago

    Am interested in the loan, I whish to apply

    Reply
  41. Blessing igorigo says:
    3 years ago

    Am interested for the money

    Reply
  42. aniema daniel says:
    3 years ago

    Please I really need money to start up a business please

    Reply
    • Agba POWEI VASCO says:
      3 years ago

      Am interested of the loan

      Reply
  43. Halilu pele says:
    3 years ago

    I want to apply
    Application form
    Cbn

    Reply
  44. Halilu pele says:
    3 years ago

    I wish to apply

    Reply
  45. Halilu pele says:
    3 years ago

    Thank form

    Reply
  46. Yusuf Babanyaya says:
    3 years ago

    Interested

    Reply
  47. Victor says:
    3 years ago

    Nice one

    Reply
  48. Yusuf salihu says:
    3 years ago

    I want to apply

    Reply
  49. Ogbonna Sunday i says:
    3 years ago

    Please I am very interested to be part of this programme.

    Reply
  50. Abdulrahaman Muhammad says:
    3 years ago

    Alhamdulliallh, this is welcoming development to the nation that great, I’m interested to apply sir.

    Reply
  51. Tarungwa Justin Ungwanen says:
    3 years ago

    I am interested in applying. Thanks.

    Reply
  52. Ernest Enams says:
    3 years ago

    Love to apply

    Reply
  53. Ibianga Halliley says:
    3 years ago

    I am interested pls

    Reply
  54. Garba isa says:
    3 years ago

    My name I am applying this program

    Reply
  55. Ibrahim Idris sambawa says:
    3 years ago

    I we to Apply

    Reply
  56. Ibrahim Idris sambawa says:
    3 years ago

    I very rarely to have a wonderful

    Reply
  57. YAKUBU IBRAHIM says:
    3 years ago

    I AM INTERESTED PLEASE

    Reply
    • Lengmang Wetben says:
      3 years ago

      Am interested..!!

      Reply
  58. Ojadi john o says:
    3 years ago

    I what apply

    Reply
  59. mela paul says:
    3 years ago

    I will love to apply

    Reply
  60. Michael says:
    3 years ago

    I’m interested,how can i apply pls?

    Reply
  61. Shaibu Abdul says:
    3 years ago

    Am interested

    Reply
  62. Remi Temitayo says:
    3 years ago

    I am interested, how will I go about

    Reply
  63. Omitogun bukola o says:
    3 years ago

    Waoo this is great

    Reply
  64. Olivia Onyinyechi Isaac says:
    3 years ago

    I’m interested

    Reply
  65. Tomiwa says:
    3 years ago

    sainttomiwa@gmail.com

    Reply
  66. Longs Nannim says:
    3 years ago

    I want to apply

    Reply
  67. Onyinyechifaith says:
    3 years ago

    Interested

    Reply
  68. Ezekiel Emmanuel says:
    3 years ago

    Am interested

    Reply
  69. UnyimeAbasi Etuk says:
    3 years ago

    I want to apply

    Reply
  70. Babatunde ojo john says:
    3 years ago

    Babatunde ojo john

    Reply
  71. Kareem jamiu adisa says:
    3 years ago

    I need it

    Reply
  72. Isah Yekini says:
    3 years ago

    I will be glad to get this loan. I am a trained and certified entrepreneur from Federal University of Technology Minna, from the
    Department of Entrepreneurship and Business Studies.
    From year 2011 – 2016.

    Reply
  73. Ochigbo John says:
    3 years ago

    I need this please. My email is ochigbojohn89@gmail.com

    Reply
  74. Hassan Yahaya says:
    3 years ago

    I’m in need

    Reply
  75. ONYEIJE FAVOUR OYEDIYA IYK says:
    3 years ago

    i need the grant to establish my business

    Reply
  76. Bayo Olotu says:
    3 years ago

    Thank you. This is my email address: bayodeolotu1@gmail.com

    Reply
  77. Auwal Abubakar says:
    3 years ago

    Is very good dis apply

    Reply
  78. Ayomide says:
    3 years ago

    I want to apply

    Reply
  79. Ibe chioma favour says:
    3 years ago

    How can I apply, please am interested

    Reply
  80. Obasogie says:
    3 years ago

    Please I need the link which is out, thanks. My gmail address: ovalentine515@gmail.com

    Reply
  81. Ofonime Aniekan jacob says:
    3 years ago

    Please how can I apply

    Reply
  82. James Roseline says:
    3 years ago

    harossysalome@gmail.com
    I want to apply

    Reply
  83. pwaluwari paul Anamu says:
    3 years ago

    I am interested

    Reply
  84. Agwareghome oghenero says:
    3 years ago

    I need this program please. How can I apply?

    Reply
  85. Umar abdullahi says:
    3 years ago

    How to apply

    Reply
  86. Dickson Ajibona says:
    3 years ago

    I meet all the requirement .you are doing a great work.thank you

    Reply
  87. ADEBISI says:
    3 years ago

    We await the link. Thank you.

    Reply
  88. Segomotso sekwati says:
    3 years ago

    I like to apply

    Reply
  89. Daniel abu says:
    3 years ago

    I love the development

    Reply
  90. Adamu Yakubu says:
    3 years ago

    I need this program

    Reply
  91. Adamu Yakubu says:
    3 years ago

    I need the program

    Reply
  92. Okonji Ikechukwu says:
    3 years ago

    The grant is not for everybody but gor students alone nah….It is well oooo

    Reply
  93. Muhammad Anwar says:
    3 years ago

    That very good

    Reply
  94. Jescarri Zacchaeus says:
    3 years ago

    I want to apply please and my email is mztrust2@gmail.com

    Reply
  95. Nyong Isaac Dominic says:
    3 years ago

    It a welcome development, this Gmail isadoma4life@gmail.com

    Reply
    • Blessing igorigo says:
      3 years ago

      Am interested for the money

      Reply
  96. Amina jibril Danazumi says:
    3 years ago

    Thank u for the opportunity given 2 me

    Reply
  97. uzu Theophilus Friday says:
    4 years ago

    I am interested abeg

    Reply
  98. Jimoh kafayat says:
    4 years ago

    I need it ooo

    Reply
    • Alabi Oluwaseun Adebowale says:
      3 years ago

      How can I apply?

      Reply
    • Abdulazeez Mohammed says:
      3 years ago

      IAM interested

      Reply
  99. Ahmed Mohammed lawal says:
    4 years ago

    How to apply

    Reply
    • KHADIJAT ABDULRAHAMAN says:
      3 years ago

      I’m interested

      Reply
  100. Egbenta Vincent A. says:
    4 years ago

    This is a welcome development, my email address, egbentavincent1@gmail.com

    Reply
  101. Faith Gideon wayo says:
    4 years ago

    How can I apply

    Reply
    • Yakub zuwera akagwu says:
      4 years ago

      How can I apply

      Reply
  102. USMAN Muhammad says:
    4 years ago

    I am really appreciated

    Reply
  103. Jatto Victor says:
    4 years ago

    Great one.

    Reply

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