The Central Bank of Nigeria, pursuant to the CBN Act, 2007 and as part of its policy measures to address rising youth unemployment and underemployment, developed the Tertiary Institutions Entrepreneurship.

Scheme (TIES), in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.

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. The Scheme thus aims to provide an innovative financing model that will.

Tier 1 – Sole Proprietorship
Description: For sole proprietorship businesses, limited liability companies and small companies as defined by CAMA
Tenor: 5 years
Loan Limit: N5 million
Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
Moratorium: Maximum of 12 months (dependent on type of business)

Tier 2 – Small Company / Enterprise
Description: For Partnerships registered either as Limited Liability Companies and Small Companies as defined by CAMA
Tenor: 5 years
Loan Limit: N25 million
Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
[b]Moratorium: [/b]Maximum of 12 months (dependent on type of business)

How to Register! please Click the Signature below