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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
103
500 million naira cbn grant

500 million naira cbn grant

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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:

  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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Praise Tochukwu

Praise Tochukwu

Praise, Nnaka Tochukwu is a financial adviser, graduated from the University of Nigeria, Nnsukka where he obtained a B.Sc in Financial Accounting. He is a lover of sport and is keen to help students succeed in the area of finances. Tochukwu hails from Aboh Mbaise Local government Area of Imo State, Nigeria. You can reach him through his social media page which is found on the About Us page of this website for more details.

Comments 103

  1. Terseer Moses Chiakaa says:
    4 weeks ago

    I like it

    Reply
  2. Mukhtar umar says:
    1 month ago

    I’m interested

    Reply
  3. Idowu j says:
    1 month 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
  4. OLADEBO idowu Sekinat says:
    1 month ago

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

    Reply
  5. Ojo Ebun joy says:
    2 months ago

    Am interested

    Reply
  6. Pelemo gabriel says:
    2 months ago

    I like the programm

    Reply
  7. Nwajuakuchinonso says:
    2 months ago

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

    Reply
  8. Nwajuakuchinonso says:
    2 months ago

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

    Reply
  9. OKOLOBA SEIFEGHA PRONTO says:
    2 months ago

    Please notify me when the form is out.

    Reply
  10. OKOLOBA SEIFEGHA PRONTO says:
    2 months ago

    Please notify me the form is ready

    Reply
  11. Simon Damo Kunaza says:
    3 months ago

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

    Reply
  12. obafemi says:
    3 months ago

    thanks fot the oppurtunity

    Reply
  13. Duru Jovita says:
    4 months 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
  14. Mailafiya Alheri says:
    4 months 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
  15. Musa Musa Abdulaziz says:
    4 months ago

    I’m interest please

    Reply
  16. Abdullahi Simbiat says:
    4 months ago

    Am interested please

    Reply
  17. DAUDA YUSUF SABO says:
    4 months ago

    Am seriously interested in the grant.

    Reply
  18. Olalere Suliyat Ayobami says:
    4 months ago

    I’m interested

    Reply
  19. Theresa ofana says:
    4 months ago

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

    Reply
  20. Koomii Magnus Deebari says:
    5 months 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
  21. Nwoke ezinwa says:
    5 months ago

    Am interested please

    Reply
  22. Asama Joshua says:
    5 months ago

    I. Am interested

    Reply
  23. Adeyemi Toluwase says:
    5 months 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
  24. Chris says:
    5 months ago

    Interested

    Reply
  25. Udeme Akpan says:
    5 months ago

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

    Reply
  26. Udeme Akpan says:
    5 months ago

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

    Reply
  27. Musa Abubakar Bodinga says:
    5 months ago

    We Nigeria is the ways are redusing unenployee

    Reply
  28. Amadi promise okechukwu says:
    5 months 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
  29. Alhamdu Nathaniel says:
    5 months ago

    Am interested

    Reply
  30. Yusuf Achi says:
    5 months ago

    This is welcome development, iam interested to apply.

    Reply
  31. agaigbesilas says:
    5 months ago

    plz Am also interested

    Reply
  32. Hamza Ibrahim Hamza says:
    5 months ago

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

    Reply
  33. Kolade moshood opeyemi says:
    5 months ago

    Am interested in the loan, I whish to apply

    Reply
  34. Blessing igorigo says:
    5 months ago

    Am interested for the money

    Reply
  35. aniema daniel says:
    5 months ago

    Please I really need money to start up a business please

    Reply
    • Agba POWEI VASCO says:
      5 months ago

      Am interested of the loan

      Reply
  36. Halilu pele says:
    5 months ago

    I want to apply
    Application form
    Cbn

    Reply
  37. Halilu pele says:
    5 months ago

    I wish to apply

    Reply
  38. Halilu pele says:
    5 months ago

    Thank form

    Reply
  39. Yusuf Babanyaya says:
    5 months ago

    Interested

    Reply
  40. Victor says:
    5 months ago

    Nice one

    Reply
  41. Yusuf salihu says:
    5 months ago

    I want to apply

    Reply
  42. Ogbonna Sunday i says:
    5 months ago

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

    Reply
  43. Abdulrahaman Muhammad says:
    5 months ago

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

    Reply
  44. Tarungwa Justin Ungwanen says:
    5 months ago

    I am interested in applying. Thanks.

    Reply
  45. Ernest Enams says:
    5 months ago

    Love to apply

    Reply
  46. Ibianga Halliley says:
    5 months ago

    I am interested pls

    Reply
  47. Garba isa says:
    5 months ago

    My name I am applying this program

    Reply
  48. Ibrahim Idris sambawa says:
    5 months ago

    I we to Apply

    Reply
  49. Ibrahim Idris sambawa says:
    5 months ago

    I very rarely to have a wonderful

    Reply
  50. YAKUBU IBRAHIM says:
    5 months ago

    I AM INTERESTED PLEASE

    Reply
    • Lengmang Wetben says:
      5 months ago

      Am interested..!!

      Reply
  51. Ojadi john o says:
    5 months ago

    I what apply

    Reply
  52. mela paul says:
    5 months ago

    I will love to apply

    Reply
  53. Michael says:
    5 months ago

    I’m interested,how can i apply pls?

    Reply
  54. Shaibu Abdul says:
    5 months ago

    Am interested

    Reply
  55. Remi Temitayo says:
    5 months ago

    I am interested, how will I go about

    Reply
  56. Omitogun bukola o says:
    5 months ago

    Waoo this is great

    Reply
  57. Olivia Onyinyechi Isaac says:
    5 months ago

    I’m interested

    Reply
  58. Tomiwa says:
    5 months ago

    sainttomiwa@gmail.com

    Reply
  59. Longs Nannim says:
    5 months ago

    I want to apply

    Reply
  60. Onyinyechifaith says:
    5 months ago

    Interested

    Reply
  61. Ezekiel Emmanuel says:
    5 months ago

    Am interested

    Reply
  62. UnyimeAbasi Etuk says:
    5 months ago

    I want to apply

    Reply
  63. Babatunde ojo john says:
    5 months ago

    Babatunde ojo john

    Reply
  64. Kareem jamiu adisa says:
    5 months ago

    I need it

    Reply
  65. Isah Yekini says:
    5 months 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
  66. Ochigbo John says:
    5 months ago

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

    Reply
  67. Hassan Yahaya says:
    5 months ago

    I’m in need

    Reply
  68. ONYEIJE FAVOUR OYEDIYA IYK says:
    5 months ago

    i need the grant to establish my business

    Reply
  69. Bayo Olotu says:
    5 months ago

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

    Reply
  70. Auwal Abubakar says:
    5 months ago

    Is very good dis apply

    Reply
  71. Ayomide says:
    5 months ago

    I want to apply

    Reply
  72. Ibe chioma favour says:
    5 months ago

    How can I apply, please am interested

    Reply
  73. Obasogie says:
    5 months ago

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

    Reply
  74. Ofonime Aniekan jacob says:
    5 months ago

    Please how can I apply

    Reply
  75. James Roseline says:
    5 months ago

    harossysalome@gmail.com
    I want to apply

    Reply
  76. pwaluwari paul Anamu says:
    5 months ago

    I am interested

    Reply
  77. Agwareghome oghenero says:
    5 months ago

    I need this program please. How can I apply?

    Reply
  78. Umar abdullahi says:
    5 months ago

    How to apply

    Reply
  79. Dickson Ajibona says:
    5 months ago

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

    Reply
  80. ADEBISI says:
    5 months ago

    We await the link. Thank you.

    Reply
  81. Segomotso sekwati says:
    5 months ago

    I like to apply

    Reply
  82. Daniel abu says:
    5 months ago

    I love the development

    Reply
  83. Adamu Yakubu says:
    5 months ago

    I need this program

    Reply
  84. Adamu Yakubu says:
    5 months ago

    I need the program

    Reply
  85. Okonji Ikechukwu says:
    5 months ago

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

    Reply
  86. Muhammad Anwar says:
    5 months ago

    That very good

    Reply
  87. Jescarri Zacchaeus says:
    5 months ago

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

    Reply
  88. Nyong Isaac Dominic says:
    5 months ago

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

    Reply
    • Blessing igorigo says:
      5 months ago

      Am interested for the money

      Reply
  89. Amina jibril Danazumi says:
    5 months ago

    Thank u for the opportunity given 2 me

    Reply
  90. uzu Theophilus Friday says:
    7 months ago

    I am interested abeg

    Reply
  91. Jimoh kafayat says:
    7 months ago

    I need it ooo

    Reply
    • Alabi Oluwaseun Adebowale says:
      5 months ago

      How can I apply?

      Reply
    • Abdulazeez Mohammed says:
      5 months ago

      IAM interested

      Reply
  92. Ahmed Mohammed lawal says:
    7 months ago

    How to apply

    Reply
    • KHADIJAT ABDULRAHAMAN says:
      1 month ago

      I’m interested

      Reply
  93. Egbenta Vincent A. says:
    7 months ago

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

    Reply
  94. Faith Gideon wayo says:
    7 months ago

    How can I apply

    Reply
    • Yakub zuwera akagwu says:
      7 months ago

      How can I apply

      Reply
  95. USMAN Muhammad says:
    7 months ago

    I am really appreciated

    Reply
  96. Jatto Victor says:
    7 months ago

    Great one.

    Reply

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