CBN Ties Grant 2021 is a youth empowerment program launched by the Central Bank of Nigeria to help the country’s sustainable economic growth.
The Central Bank of Nigeria, as part of its policy measures to address rising youth unemployment and underemployment, developed the Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.
What is the CBN Ties?
The CBN Ties 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.
The Scheme thus aims to provide an innovative financing model that will create jobs, enhance the entrepreneurial ecosystem and support economic growth and development.
How to Apply for Ties CBN Grant 2021
- Click on the “APPLY NOW” Button
- Click on “Proceed”
- Ensure you use a valid and working email address
- Once you are done filling the form kindly submit and wait for approval mail
Note: Priority will be given to innovative entrepreneurial activities with high potentials for export, job creation, and transformational impact.
Trading activities shall not be eligible for financing under the Scheme.
CBN Ties Loan Application types
The Scheme shall be implemented through three (3) application types:
- Term Loan Component;
- Equity Investment Component; and
- Developmental Component
CBN Grant for Undertgradaute
The CBN Grant for Undergraduate is as stated below
Five (5) top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows:
 | First place | – | N | 150.0 million; |
| Second place | – | N | 120.0 million; |
| Third place | – | N | 100.0 million; |
| | Fourth place | – | N | 80.0 million |
| | Fifth place | – | N | 50.0 million |
The CBN Ties grants shall be in the following areas:
- Agribusiness;
- Information technology;
- Creative industry; and
- Science and technology.
The Bank 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.
For more information regarding the CBN Ties grant 2021, please kindly send us a message via searchngr24@gmail.com for further assistance.