₦airaland Forum

The 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 Scheme aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.

What is CBN TIES?
You might wonder what TIES means, right? Well, that is understandable because you only know it as a word. But for us, TIES means Tertiary Institutions Entrepreneurship Scheme, otherwise called CBN TIES Loan, because it is a loan initiative designed by the Central Bank of Nigeria to assist Nigerian youths with funding for their entrepreneurial ideas instead of watching them continue with the search for white-collar jobs.

The CBN TIES loan will provide seamless access for Nigerian youths with entrepreneurship skills to a platform that will offer them affordable loan and grant. This, the CBN said, will become a tool for creating employment for many graduating from different institutions of higher education yearly.

Features

1. Term Loan

Eligibility: Graduates of any Nigerian university or polytechnic within the past seven (7) years with entrepreneurial interest.

Requirements:

Apply online via the designated online portal (https://cbnties.com.ng) providing requisite information and documents, such as:

 First degree and NYSC discharge (or exemption certificate);

 Valid mobile phone number (linked to your NIN), BVN, NIN, TIN, and email address;

 Evidence of business registration (certified true copies of relevant CAC documents); and

 Corporate bank account number of business.

2. Equity Investment

Eligibility: Start-ups, existing businesses expanding or ailing businesses.

Investment Limit: Subject to the limit prescribed in the AgSMEIS Guidelines.

Investment Period:

i. Investment made shall be for a maximum period of ten (10) years (not exceeding December 31, 2031).
ii. There shall be a 3-year lock-in period before exit in order to encourage value creation and boost managerial capacity of business.

NOTE: The equity investment shall be implemented under the AgSMEIS Equity window.

3. Developmental (Grant) Component

Polytechnics and universities in Nigeria shall compete in the national biennial entrepreneurship competition to raise awareness and visibility of entrepreneurial or technological innovations among undergraduates. Applications for participation under the Development window shall be through submission of application on https://cbnties.com.ng

Body of Experts (BoE) shall be constituted from the private and public sector to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities.

Top five (5) polytechnics and universities at the national level shall be awarded the grant prize on the recommendation of the Body of Experts (BoE).


For more detailed information, visit the CBN website below to download the CBN TIES loan PDF file.

PDF file on CBN Website: https://www.cbn.gov.ng/Out/2021/CCD/TIES%20Summary1.pdf

You can read more... https://monichannel.com/2022/09/cbn-ties-loan-applicantion-portal.html


CC: Lalasticlala

But registration is not working I keep getting an error message when I insert my BVN. Any help?

ceeboymuhammed:
But registration is not working I keep getting an error message when I insert my BVN. Any help?

Did you get that after submitting the form?

Great

Chizzyjforce:
The 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 Scheme aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.

What is CBN TIES?
You might wonder what TIES means, right? Well, that is understandable because you only know it as a word. But for us, TIES means Tertiary Institutions Entrepreneurship Scheme, otherwise called CBN TIES Loan, because it is a loan initiative designed by the Central Bank of Nigeria to assist Nigerian youths with funding for their entrepreneurial ideas instead of watching them continue with the search for white-collar jobs.

The CBN TIES loan will provide seamless access for Nigerian youths with entrepreneurship skills to a platform that will offer them affordable loan and grant. This, the CBN said, will become a tool for creating employment for many graduating from different institutions of higher education yearly.

Features

1. Term Loan

Eligibility: Graduates of any Nigerian university or polytechnic within the past seven (7) years with entrepreneurial interest.

Requirements:

Apply online via the designated online portal (https://cbnties.com.ng) providing requisite information and documents, such as:

 First degree and NYSC discharge (or exemption certificate);

 Valid mobile phone number (linked to your NIN), BVN, NIN, TIN, and email address;

 Evidence of business registration (certified true copies of relevant CAC documents); and

 Corporate bank account number of business.

2. Equity Investment

Eligibility: Start-ups, existing businesses expanding or ailing businesses.

Investment Limit: Subject to the limit prescribed in the AgSMEIS Guidelines.

Investment Period:

i. Investment made shall be for a maximum period of ten (10) years (not exceeding December 31, 2031).
ii. There shall be a 3-year lock-in period before exit in order to encourage value creation and boost managerial capacity of business.

NOTE: The equity investment shall be implemented under the AgSMEIS Equity window.

3. Developmental (Grant) Component

Polytechnics and universities in Nigeria shall compete in the national biennial entrepreneurship competition to raise awareness and visibility of entrepreneurial or technological innovations among undergraduates. Applications for participation under the Development window shall be through submission of application on https://cbnties.com.ng

Body of Experts (BoE) shall be constituted from the private and public sector to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities.

Top five (5) polytechnics and universities at the national level shall be awarded the grant prize on the recommendation of the Body of Experts (BoE).


For more detailed information, visit the CBN website below to download the CBN TIES loan PDF file.

PDF file on CBN Website: https://www.cbn.gov.ng/Out/2021/CCD/TIES%20Summary1.pdf

You can read more... https://monichannel.com/2022/09/cbn-ties-loan-applicantion-portal.html


CC: Lalasticlala

University doesn't give any certificate of participation, how can i go about it please?