According to reports, the Central Bank of Nigeria (CBN) has started a grant program for recent graduates and students to lower unemployment. Visit the cbnties.com.ng portal for the CBN Undergraduate and Graduate Grant.
The Tertiary Institutions Entrepreneurship Scheme (TIES), in collaboration with the Central Bank of Nigeria (CBN), is excited to offer N500k grants to outstanding Nigerian students living abroad.
In collaboration with Nigerian Polytechnics and Universities, the Tertiary Institutions Entrepreneurship Scheme (TIES) uses the entrepreneurial potential of Nigerian graduates.
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CURRENT LOAN APPLICATION PORTALS
According to the Supreme Bank, the TIES was established to combat the tendency of white-collar job seekers and focus on employee development.
The goal of this CBN Graduates & Undergraduates Grant initiative, according to CBN, is to “bring about a paradigm change in an entrepreneurial culture from a “white-collar” job search culture to economic growth and employment creation among undergraduates and graduates.”
The CBN would distribute N500 million among the top five third-best delivery companies for the grant. The top five polytechnics and colleges in Nigeria with the best entrepreneurial trends and ideas will receive the following prizes, according to the CBN: N150 million for first place, N120 million for second place, N80 million for third place, N80 million for fourth place, and N80 million for fifth place. “N50m” is the location.
To evaluate the technological and entrepreneurial innovations provided by Nigerian universities and polytechnics over two years, Apex Bank has announced the creation of a private and public sector expert organization (BoE).
Independent observers will oversee the sponsored projects under the scheme appointed equally by the CBN and MFIs.
CBN Graduates & Undergraduates Grant Package
A total of 500 Thousand Naira is the sum.
According to Pex Bank, TIES seeks to increase the financial accessibility of Nigerian polytechnic and university graduates as well as graduates with innovative business and technical ideas.
Terms and Conditions of Application
Graduates of Nigerian universities and polytechnics will be eligible to apply for the program.
- First-degree certificate (BSc/HND/ or it is 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 seven years post-NYSC
Apply for the CBN Graduates and Undergraduate Grant Now!
To apply, interested applicants of the CBN Graduates & Undergraduates Grant are required to visit the official portal to begin the application process >> cbnties.com.ng