Skip to content
Home » Up to N25m Loans for Graduate Entrepreneurs

Up to N25m Loans for Graduate Entrepreneurs

    To maximize the potential of recent graduates who want to become entrepreneurs, the Central Bank of Nigeria (CBN) has released guidelines for the implementation of its Tertiary Institutions Entrepreneurship Scheme (TIES).

    In a document published and signed by Yusuf Yila Philip, the CBN’s director of development finance, the apex bank made this information public on Wednesday.

    ONGOING LOAN  APPLICATION
    How to access the N50 billion CBN Covid-19 intervention fund for SMEsGET ACCESS
    SMEDAN N1.5m LoanAPPLY NOW
    Nigerian Youth Investment Fund (NYIF) BeginsAPPLY NOW
    N40,000 Free Salary to 774,000 ApplicantsAPPLY NOW
    Up to ₦5Million Business Loan for SMEAPPLY NOW
    Federal Government Approves ₦75,000 StipendsAPPLY NOW
    ₦100,000 Felix King Foundation COVID-19 Recovery GrantAPPLY NOW
    Up to N25m Loans for Graduate EntrepreneursAPPLY NOW

    According to the CBN, the TIES’s goal is to improve students’ and graduates’ access to financing in Nigeria who have creative technology and entrepreneurial ideas.

    According to the bank, the program is intended to provide yearly funding for 25,000 gradpreneurs, who will then generate an additional 75,000 sustainable jobs.

    Startups and established companies in industries like agribusiness, information technology, the creative sector, as well as research and technology, according to the CBN, are eligible for financing under the program.

    It further stated that innovative entrepreneurial activities with strong potentials for export, job creation, and transformative impact will be given precedence.

    The term loan, equity investment, and developmental components would all be used to implement the scheme, according to the apex bank.

    An individual project can obtain a maximum loan of N5 million under the term loan component, with a five-year term and a five percent annual interest rate (nine percent effective from March 1, 2022, or as may be prescribed by the CBN)

    Recommended Scholarships

    Opened Applications

    Subscribe For Canada Jobs List

    Don't miss any updates about Jobs and Scholarship

    Invalid email address
    We promise not to spam you. You can unsubscribe at any time.