How To Apply For CBN Grant Of N500m For Graduates

The Central Bank of Nigeria (CBN), pursuant to the CBN Act, 2007 is giving grants up to 500M in the Tertiary Institutions Entrepreneurship Scheme (TIES) for  graduates and undergraduate persons, respectively.

CBN on Wednesday in a report, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’. said five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows: first place – N150m; second place – N120m; third place – N100m; fourth place – N80m; and fifth place – N50m,”

AllNews Nigeria understands that the scheme would include innovative start-ups and existing businesses owned by graduates of Nigerian polytechnics and universities in areas such as agribusiness, information technology, creative industry, as well as science and technology.

The CBN said agribusiness would include production, processing, storage and logistics, while information technology would include application/software development, business process outsourcing, robotics and data management.

It said the creative industry would include entertainment, artwork, publishing, culinary/event management, fashion, photography, beauty/cosmetics; while science and technology would include medical innovation, robotics, ticketing systems, traffic systems, renewable energy, and waste management.

How To Apply For CBN Grant Of N500m For Graduates

Eligibility criteria for participation

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with:

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.

Application is online via CBN dedicated portal.

Interested Applicants should click HERE