This year,  the Central Bank of Nigeria (CBN) has developed grants for graduates and students to help reduce unemployment in the country. FG and CBN are giving grants to both graduates and undergraduates. You can Visit the portal below for CBN N500k grants registration.

Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with Nigerian Polytechnics and Universities, exploits the potential of graduate entrepreneurs in Nigeria.

Pex Bank said TIES aims to increase access to finance for Nigerian polytechnic and university graduates and graduates with innovative business and technological ideas.

The Supreme Bank said the creation of the TIES aims to address the trend of white-collar job seekers and focus on job creation.

READ: Presidential Trade Grant Update: Do This For Grant Approval Today

The scheme is designed to create a paradigm shift from a “white-collar” job search culture in an entrepreneurial culture to economic growth and job creation between undergraduates and graduates, “said CBN.

As for the grant, CBN will allocate N500 million. Among the top 5 third-best delivery organizations.

CBN said: “The top five polytechnics and universities in Nigeria with the best entrepreneurial trends/ideas will be awarded first place: N150 m; second place N120 m; third place N80 m; fourth place N80 m and fifth place. Location – N50m “,

Apex Bank has announced that it will form a private and public sector expert organization (BoE) for two-year regional and national entrepreneurship competitions to assess the entrepreneurial and technological innovations offered by Nigerian polytechnics and universities. BoE will recommend high-potential projects. And the variable impact on the award of the grant.

Key highlights of the guideline / CBN Introduces N500 Grants for Graduates

Projects funded under the scheme will be monitored by independent monitors set up jointly by CBN and MFIs.

This scheme will run for the first time (no later than 31 December 2031) in 10 years, depending on the project’s complexity.

READ: $3000 Grant Program for Nigerian Entrepreneurs

Repayment of interest and principal must be made monthly or quarterly according to a set cash flow cycle and an approved repayment schedule.

Eligibility Criteria / CBN presents N500 scholarships to graduates

Applicants under the scheme will be graduates of Nigeria Polytechnics and Universities:

i. First-degree certificate (BSc/HND/ or it is equivalent);

ii. National Youth Service Certificate (NYSC) discharge or
exemption certificate;

iii. Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and

iv. Not more than 7 years post-NYSC

How to Apply for CBN Graduates Grants / CBN Introduces N500k Grants for Graduates

Interested persons can click the link to apply

cbnties.com.ng