Are you looking for CBN Grant Application then you are on the right page that will give you all the necessary information.
The CBN has launched its Tertiary Institutions Entrepreneurship Scheme (TIES) as part of the CBN Grant Application which measures to combat the rising rate of levels of youth underemployment and unemployment. TIES seeks to move undergraduates as well as graduates from Nigerian polytechnics as well as universities away from white-collar work and towards entrepreneurial endeavors.
The scheme aims to offer an innovative and innovative financial model which will aid in increasing the creation of jobs, entrepreneurship as well as economic development.
This page will cover everything that you require to know about how to get access to Cbn Grant without cost using your Android device or phone. The following questions ;
- How To Apply For CBN Grant For Graduates
- How To Access CBN Grant For Graduates
- Steps to Apply for CBN N500k Grants For Graduates
Table of Contents
Tier 1 – Sole Proprietorship CBN Graduate Grant
Description:
For sole proprietorship companies Limited liability companies, small-sized companies as defined by CAMA
- Tenor: 5 years old
- Limit for Loans: N5 Million
- Interest Rate: 5-percent from now until February 28 2022 ( and 9% starting March 1st 2022)
- Moratorium Maximum: twelve months (dependent on the nature of business)
Requirements for CBN Grant For Graduates
- Bank Verification Number (BVN);
- First-degree certification verified (BSc/HND or an equivalent);
- Certified National Youth Service Certificate (NYSC) discharge or exemption certificate
- A certificate issued by polytechnics as well as universities that demonstrate entrepreneurship education;
- Then signed Global Standing Instruction (GSI);
- Third-party guarantees: a high-ranking federal/state civil or government service, clergy, recognized traditional ruler, experts (lawyers accountants, doctors, etc. ) and confirmed employees of established firms.
Tier 2 – Small Company / Enterprise CBN Grant Application For Graduates
Description: For Partnerships that are registered in the form of Limited Liability Companies and Small Companies as defined by CAMA.
- Tenor: 5 years old
- Limit of Loan: N25 million
- Interest Rate: 5percent from now until February 28 2022 ( and 9% starting March 1st 2022)
- Moratorium Maximum period of twelve months (dependent on the nature of business)
CBN Grant Application For Graduates Requirements
The group must be an organization which is registered by the Corporate Affairs Commission (CAC) and authentically certified copy (CTC) of all relevant documents filed.
- Bank Verification Number (BVN);
- First-degree certification verified (BSc/HND or an equivalent);
- Certified National Youth Service Certificate (NYSC) discharge or exemption certificate
- The certificate is issued by polytechnics and universities to demonstrate that they have been trained in entrepreneurship;
- Signed and dated Global Standing Instruction (GSI);
- Third-party guarantee: A high-ranking federal/state civil or government service, clergy, recognized traditional ruler, experts (lawyers doctors, lawyers, accountants etc. ) or confirmed staff members of established firms.
Term Loan CBN Graduate Grant
Eligibility:
Graduates from any Nigerian university or polytechnic in the last seven (7) years and with an entrepreneurial enthusiasm.
CBN Grad Grant Scope Activities
Agribusiness-production, processing, storage and logistics:
Information technology – software and application development,
Business process outsourcing and robotics, as well as managing data:
Artwork, entertainment and creative industries publishing, event management and culinary fashion and beauty/cosmetics, as well as Science and Technology robotics, medical innovations.
tickets systems and traffic control systems renewable energy systems, waste management
CBN Grant For Graduates Requirements:
Apply online via the designated online portal (https://CBNties.com.ng) providing requisite information and documents, such as a Valid mobile phone number (linked to your NIN),
- BVN, NIN, TIN email address:
- * Documentation of registration for business (certified authentic copies of pertinent CAC documents)
- Corporate bank account number for the company; First degree or NYSC discharge (or exemption certificate.
Note Preference will be granted to new entrepreneurial ventures with a high potential to export, job creation and transformative impact. Entrepreneurs who are female are encouraged to submit applications.
CBN Graduate Grant Prohibition:
Trading activities will not be qualified for funding under the features of the Loan Scheme:
- N5.0 millions for small and sole proprietorships or individual project;
- N25.0 million to fund partnerships and company projects
- Rate of interest annualized 5% (9 percent effective from 1 March 2022 or as determined by the CBN)
- Tenor: Five (5) years
- Moratorium for 12 months
Equity Investment
Eligibility:
Businesses that are starting up, expanding or acquiring businesses
The scope of the activities
The equity investments must be in businesses that are operating within the permissible area of operations. Applications for participation under the window shall be through submission of application on https://conties.com.ng
CBN Grant Application For Undergraduate Investment Limit
Limits are set within Guidelines. Subject to the limit specified in AgSMEIS Guidelines.
CBN Graduate Grant Investment Period
The amount invested will be for a maximum of 10 (10) year (not over the date of December 31 2031,).
There is a 3 year lock-in period prior to exiting in order to stimulate value creation and increase the management capacity of businesses.
Note the equity investment must be made within the AgSMEIS Equity window.
Developmental (CBN Graduate 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
A Body of Experts (BoE) shall be formed of representatives from both the public and private sector to assess technological and entrepreneurial innovations presented by Nigerian universities and polytechnics.
Five of the top (5) Polytechnics as well as universities at the national level will be presented with the grant award upon the recommendation from the Body of Experts (BOE).
CBN Grant For Graduates awards:
- First spot N150.0 million
- Second spot N120.0 million:
- Third spot N100.0 million
- Fourth spot N80.0 million in the fourth place; and
- Fifth position N50.0 million
The grant will be used specifically to develop the innovations that are awarded and help research and develop significant projects in or within the institution’s own community.
CBN The Graduate Grant’s scope of work:
Agribusiness Information technology, creative industry, science and technology
How To Apply For CBN Grant For Graduates or How To Access CBN N500k Grants
To Access or Apply for CBN Grant For Graduates.
- To Apply for CBN N500k Grants For Graduates, Interested Applicants should visit https://CBNties.com.ng/register or click here To Apply Online for TIES Pre-Qualification access.
Click here to see to see the CBN Graduate Grant that you are eligible for.
Click Apply Now. Next page Click Proceed
- Fill in your details
- Loan Type
- NYSC Certificate Number
Year Of NYSC Certificate - Year of Graduation
- Personal Details
- First Name
- Last Name
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