APPLY: PORTAL FOR 2022 CBN FUND LOAN SUPPORT IS OPENED
This special CBN loan is a loan to Nigerian graduates and students to curb high unemployment in Nigeria. The application form is strictly online for interested and eligible Nigerian graduates and students in Nigeria.
The ultimate goal of TIES is to provide access to capital for Nigerian graduates and undergraduates with innovative business and technological ideas from polytechnics and universities.
TIES aims to move students and graduates away from “white-collar workers” and into a culture of entrepreneurial development that fosters economic growth.
Who is Eligible for TIES Loan?
Only those with a Nigerian polytechnic or university degree will be considered. Also, Priority will be given to innovative entrepreneurial activities with high potentials for export, job creation and transformational impact.
The documents listed below will confirm your eligibility.
- First-degree certificate (BSc/HND/ or it’s equivalent)
- National Youth Service Certificate (NYSC) discharge or exemption certificate
- Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and
- Not more than 7 years post-NYSC.
CBN Launches TIES Scheme To Tackle Youth Unemployment
The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally launched the Tertiary Institutions Entrepreneurship Scheme (TIES), with a charge to beneficiaries to utilize the loans for the purpose it was meant for, just as he inaugurated an 11-member Body of Experts to oversee the screening of prospective beneficiaries of the scheme aimed at tackling unemployment and underemployment among Nigerian youth.
Performing the launch at the Bank’s Head Office in Abuja on Thursday, November 25, 2021, Mr. Emefiele disclosed that the formal launch of the TIES and inauguration of the Body of Experts (BoE) for the Scheme’s Developmental Component underscored the critical roles youth play in building new blocks for economic growth, particularly as the country’s national growth was highly dependent on a strong and competitive businesses.
If you have not applied for the TIES loan yet and you are interested, kindly Open here to read details and apply
He said the scheme was developed in partnership with Nigerian polytechnics and universities, to harness the potential of graduate entrepreneurs by creating a paradigm shift from the pursuit of white-collar jobs to a culture of entrepreneurship for economic development and job creation.