CBN N500 Million Grant for Graduates & Undergraduates in Tertiary Institutions

The CBN N500 Million Grant for Graduates is currently available & accepting applications. Qualified applicants that are willing & eligible to apply for this grant should consider this article and confirm details regarding the CBN 500 Million Grant for Graduate application.

CBN has announced that it’s offering N500 million to graduates in Nigeria. This was finalized when the CBN introduced the Tertiary Institutions Entrepreneurship Scheme (TIES). They tend to partner with Nigerian universities and polytechnics to make sure that this dream comes true.

This was stated by the Central Bank of Nigeria in a circular, titled “Guidelines for the implementation of tertiary institutions entrepreneurship scheme“, on October 2021.

The major aim of this CBN N500 million Grant for Graduates is to enable graduates and undergraduates to access grants for start-up businesses after school, and to offer them employment opportunities wherever they find themselves.

As a result, it will reduce the unemployment rate in Nigeria. So, if you are in search of a grant in order to start up a business as a graduate, then this article was meant for you. Kindly consider this article and find out more.

Concerning the grant, CBN is to share N500 million among the top 5 tertiary institutions in the country that has the best pitch. What holding you from applying for this grant now? Why not start by applying for this grant today?

Based on Apex bank, 5 top Nigerian institutions with the best entrepreneurial ideas are to be  awarded as follows:

  • First place – N150 million
  • Second place – N120 million
  • Third place – N100 million
  • Fourth place – N80 million
  • Fifth place – N50 million

CBN N500 million Grant for Graduates 2022/2023 Requirements

Applicants within the Scheme should be graduates of Nigerian polytechnics and universities with the following qualifications:

  • First-degree certificate (B.Sc., HND or it is equivalent)
  • National Youth Service Certificate (NYSC) discharge or exemption certificate
  • Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training
  • NYSC certificate (over more than 7 years old)

If you are in search of the CBN N500 Million Grant for Graduates’ official site, then visit the application portal at www.cbnties.com.ng.

CLICK HERE TO APPLY

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Frequently Asked Questions about CBN N500 Million Grant

How do I get CBN 500K grant?

The beneficiary must apply on the dedicated online portal, and then provide all required documentation to process the application, according to CBN.

Note: Priority would be given to innovative entrepreneurial activities with high potential for export, job creation, and transformational impact.

How can I get a CBN intervention loan?

You can apply by participating in Financial Institutions (PFIs) i.e. banks. Loans must be repaid within 3 years and you can access up to 50 million Naira.

Feel free to leave a comment with us through the comment box section below, so that we can notify you of updates according to this CBN Grant application portal.

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