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.
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:
- First-degree certificate (BSc/HND/ or it is equivalent);
- National Youth Service Certificate (NYSC) discharge or
exemption certificate; - Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and
- 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.
Tolamide7@gmail.com
I need to to kick start by business.
I have been delayed because of fund.
I am interested, please send to me
Pls I need this money to improve my fabric industry my email address is michaelkolawole2020@gmail.com
I,m interested please.
I like it
I am interested in it.
I want to apply for grant of five million for farming
I like it
I’m interested
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
I’m interested but,I’m NCE holder,kindly assist me in my school business
Am interested
I like the programm
Please I am interested in the loan I am a graduate, I need money to start up a business
I am interested to apply for the loan, I am well qualified with my certificate sir my email is nwajuakuchinonso209@gmail.com
Please notify me when the form is out.
Please notify me the form is ready
Wonderful. This nice good opportunity for me to develop my business.
thanks fot the oppurtunity
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.
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.
I’m interest please
Am interested please
Am seriously interested in the grant.
I’m interested
Pls I need this loan to set up my hair dreesing salon.thank you.
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.
Am interested please
I. Am interested
Am interested, had my certificate in Medical laboratory technology…
We like to set up my own laboratory but the money is not available
Interested
My name is Udeme Akpan a graduate of Engineering & am into Welding & Fabrication, I need fund to expand my welding workshop
Am interested to take my welding career to another level if the fund given to me
We Nigeria is the ways are redusing unenployee
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.
Am interested
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plz Am also interested
I am interested in the loan ,and I am qualified to apply. Please how can I apply
Am interested in the loan, I whish to apply
Am interested for the money
Please I really need money to start up a business please
Am interested of the loan
I want to apply
Application form
Cbn
I wish to apply
Thank form
Interested
Nice one
I want to apply
Please I am very interested to be part of this programme.
Alhamdulliallh, this is welcoming development to the nation that great, I’m interested to apply sir.
I am interested in applying. Thanks.
Love to apply
I am interested pls
My name I am applying this program
I we to Apply
I very rarely to have a wonderful
I AM INTERESTED PLEASE
Am interested..!!
I what apply
I will love to apply
I’m interested,how can i apply pls?
Am interested
I am interested, how will I go about
Waoo this is great
I’m interested
sainttomiwa@gmail.com
I want to apply
Interested
Am interested
I want to apply
Babatunde ojo john
I need it
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.
I need this please. My email is ochigbojohn89@gmail.com
I’m in need
i need the grant to establish my business
Thank you. This is my email address: bayodeolotu1@gmail.com
Is very good dis apply
I want to apply
How can I apply, please am interested
Please I need the link which is out, thanks. My gmail address: ovalentine515@gmail.com
Please how can I apply
harossysalome@gmail.com
I want to apply
I am interested
I need this program please. How can I apply?
How to apply
I meet all the requirement .you are doing a great work.thank you
We await the link. Thank you.
I like to apply
I love the development
I need this program
I need the program
The grant is not for everybody but gor students alone nah….It is well oooo
That very good
I want to apply please and my email is mztrust2@gmail.com
It a welcome development, this Gmail isadoma4life@gmail.com
Am interested for the money
Thank u for the opportunity given 2 me
I am interested abeg
I need it ooo
How can I apply?
IAM interested
How to apply
I’m interested
This is a welcome development, my email address, egbentavincent1@gmail.com
How can I apply
How can I apply
I am really appreciated
Great one.