The Central Bank of Nigeria (CBN) Tertiary Institutions Entrepreneurship Scheme (TIES)
Central Bank of Nigeria (CBN) Tertiary Institutions Entrepreneurship Scheme: We are pleased to announce to the general public that the CBN is to offer N500 million grant to graduates, undergraduates with the best Entrepreneurship Pitch in Nigeria.

Interested persons should carefully read through this article to know how to apply.


The Central Bank of Nigeria (CBN), as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship.

The CBN Tertiary Institutions Entrepreneurship Scheme (TIES) aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.

This was disclosed by the Central Bank of Nigeria in a circular, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’, dated October 2021.

The apex bank stated that the goal of the TIES is to enhance access to finance to undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas.

What the CBN is saying
The apex bank stated that the development of TIES was to address the trend of graduates seeking white collar jobs and turn their attention to the creation of jobs.

CBN stated that “the Scheme is designed to create a paradigm shift among undergraduates and graduates from the pursuit of white-collar jobs to a culture of entrepreneurship development for economic development and job creation.”

Regarding the grant, the CBN would distribute N500million among the top 5 tertiary institutions with the best pitch.

The Central Bank of Nigeria (CBN) Tertiary Institutions Entrepreneurship Scheme (TIES)
CBN 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,”

The apex bank stated that it, ”shall constitute a Body of Experts (BoE) from the private and public sector for the biennial regional and national entrepreneurship competitions to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities. The Body of Experts (BoE) shall recommend projects with high potential and transformational impact for the grant award.”

Read the full post below to apply now!!!!
https://www.naijawhisper.com/how-to-apply-for-central-bank-of-nigeria-cbn-tertiary-institutions-entrepreneurship-scheme/