How to Apply for CBN Tertiary Institutions Entrepreneurship Scheme.
The Central Bank of Nigeria (CBN), as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship.
The CBN Tertiary Institutions Entrepreneurship Scheme (TIES) aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.
CBN TIES FEATURES:
1. Term Loan
2. Equity Investment
3. Developmental (Grant) Component
GRANT AWARDS:
• First place – N150.0 million;
• Second place – N120.0 million;
• Third place – N100.0 million;
• Fourth place – N80.0 million; and
• Fifth place – N50.0 million.
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