• Home
  • Business
  • News
  • Loans
  • Visa
  • Make Money

Voice of Nigeria

voiceofnigeria.org.ng is the number go-to for making money, grants, fund, loan options and federal government jobs

CBN TIES ₦500M Application, Requirements 2023

April 20, 2023 By Amitverain Leave a Comment

CBN TIES Loan Application Portal – CBN ₦500M Grant 2023.

This door has now been opened. Let’s find out how to use this portal to apply for a CBN TIES Loan.

The CBN TIES Loan is a great program that gives Nigerian college graduates the skills they need to start their own businesses. This helps the economy grow and creates jobs.

Join whatsapp group Join Now
Join Telegram group Join Now

Due to the high unemployment rate, every young person in Nigeria now has to look for work on their own. But for self-employment to work, it needs money. This is what loans are used for. With the TIES loan, every Nigerian graduate can get a loan right away to run their own business.

Please remember that you can apply for ties and sign in to cbnties at www.cbnties.com.

ng is the only site where applications can be accepted.

Do you know about the 500M Grant from the Central Bank? Read on to find out how to apply now.

TIES wants to get college graduates and undergrads to start their own businesses instead of taking white-collar jobs to create jobs and help the economy grow.

Table of Contents

  • How can I apply for the CBN TIES Loan – ₦500M Grant?
  • Who is eligible for the TIES loan?
  • What kind of enterprises can apply for TIES?
  • What documents do I need to apply for TIES loan?
  • What is the maximum amount I can access under the TIES?
  • What is the TIES interest rate?

How can I apply for the CBN TIES Loan – ₦500M Grant?

cbn ties

The rise in unemployment rate in Nigeria has prompted the Central Bank of Nigeria to take decisive action, which has led to positive results. The recipients of this grant, which is worth 500 million yen, will be given more agency.

This award was designed in conjunction with educational institutions in Nigeria, including universities and polytechnics.

If you want to apply for it, please follow these instructions:

1. Go to their website at https://cbnties.com.ng/ by clicking the link.

2. Next, tap “Apply Now”

3. The following step is to complete the registration form by providing the required information, double-checking your details, and then submitting your request. You are going to have to hold your breath till they respond to you.

Who is eligible for the TIES loan?

The government will give consideration to only those applicants who hold a degree from a Nigerian university or polytechnic. In addition to this, they will give priority to innovative entrepreneurial operations that have a strong potential for export, the creation of jobs, and the impact of transformation.

What kind of enterprises can apply for TIES?

TIES cover the following business activities:

1. Agribusiness – harvesting, processing, storage as well as logistics

2. Information technology – software/application development, data management, robotics, business process outsourcing

3. Creative industry – entertainment, publishing, artwork, culinary/event management, photography, fashion, beauty/cosmetics

4. Science and technology – medical innovation,, ticketing systems, robotics, renewable energy, traffic systems, waste management

As a result, in order to be eligible for TIES as a graduate or undergraduate, your company must fall into one of the aforementioned categories.

What documents do I need to apply for TIES loan?

To apply for this timely loan, you require these important documents:

  1. First-degree certificate (BSc or HND or any of its equivalent)
  2. National Youth Service Certificate (NYSC) discharge certificate or exemption certificate
  3. Certificate of Participation your polytechnics and universities issues showing proof of your entrepreneurship training
  4. Your Statement of Income, Statement of Affairs, as well as cash flow projections for both start-ups and businesses with not more than 3 years of operations
  5. Business plan delineating details, financials, as well as the economic advantages of the projects

Note: You must not be over 7 years post-NYSC.

What is the maximum amount I can access under the TIES?

Here is a least of the loan amounts you can access TIES based on your level:

  1. Tier 1 (Individual projects): Your loan limit is N5Million with a tenor of only 5 years.
  2. Tier 2 (Partnership / Company projects with at most 5 individual partners): Your loan limit is N25 million for a tenor of only 5 years.

What is the TIES interest rate?

Every graduate student and undergraduate student who uses the TIES will receive a 5% interest rate from from point forward until February 2023. However, by March of 2023, it will have increased to 9%.

Where can I find more information about the TIES (Tertiary Institutions Entrepreneurship Scheme) program?

Direct contact information can be found at this link: https://cbnties.com.ng/contact. After entering your information and query, your message will be sent. They are working to respond to you as soon as possible.

Important

The TIES loan is a one-of-a-kind financing scheme that was developed to assist business owners who are either graduates or undergraduate students. The primary objective of this strategy is to support the growth of entrepreneurial endeavors in order to increase employment opportunities. Review the information that was provided above to submit your application for the TIES. It is important to remember, however, that the scheme is not open to anyone other than Nigerian university graduates and students as well as Nigerian polytechnic students.

“Stay updated for “VoiceofNigeria” by subscribing to our platforms. If you’re already part of our community, please share these links with your contacts:
  • VON Website: Visit Here
  • VoiceofNigeria Telegram: Join Our Group (Must Join)
  • Email Newsletter: Click Here

Share this:

  • WhatsApp
  • Telegram

Related

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

Search Jobs in Nigeria

Recent Posts

  • UK Plans New Visa Rules for Foreign Care Workers and Students
  • Canada Fruit Packing Visa Sponsorship Jobs December 2023 – $14.50 per hour
  • NG-Cares Grant Programme Batch 2: Application Links And Requirements
  • FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology
  • FG N50,000 Market-Moni Interest-Free Loan Begins Empowering 1.5 Million Nigerians
  • How To Link Your NIN To Your Prepaid Meter November 2023
  • Jobs for Picking Fruits or Vegetables in Canada in November 2023
  • Apply Today: SMEDAN/Sterling Bank Loan For MSMEs [N5 Billion]
  • FG Bilateral Education Agreement Scholarship for Nigerians 2024/2025: Easy Guide
  • NEW Jobs in Canada for Banking and Construction Work 2023/24
Copyright © 2023 Voice of Nigeria. All Rights Reserved
Contact   About  Disclaimer  Privacy Policy