CBN CBN TIES Loan Application Form Portal- The Central Bank of Nigeria, as part of its effort to boost economic growth and reduce unemployment among graduates of Nigeria Polytechnics and Universities, introduced the Tertiary Institutions Entrepreneurship Scheme.
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 geared towards job creation, economic growth and sustainable development.
How it Works? All You Need to Know
To properly understand CBNties, the below questions offers answers to how it works.
The Scheme shall be implemented through three (3) components:
No, the Scheme is for graduates of Nigerian Universities and Polytechnics that have successfully completed their NYSC and have collected their Discharge or Exemption Certificate.
Graduates of Nigerian Polytechnics and Universities shall be eligible to participate under the Term Loan Component.
Activities covered under the Scheme shall include innovative start-ups and existing businesses owned by graduates of Nigerian polytechnics and universities in the following areas:
No payment is required for the submission and processing of TIES loan application or any other CBN intervention.
No, CBN does not have an agent for its interventions, including TIES. Applicants are to personally submit their loan application via the approved online portal url: https://cbnties.com.ng
The collateral acceptable under TIES are:
*1-3 will be registered on the National Collateral Registry (NCR)
*1-4 shall be uploaded in the TIES portal
* All assets financed under the scheme will also be registered on the NCR
No, you can only apply with an Entrepreneurship Certificate issued by a University or Polytechnic entrepreneurship/ skill acquisition centre.
5% from now to February 2023 ( and 9% from March 2023).
There is a maximum of 12 months moratorium on principal and interest.
Beneficiaries of other CBN’s interventions shall be eligible to participate under the Scheme upon full repayment of amount outstanding under the other intervention facilities earlier accessed.
Interest payment and principal repayment shall be made on monthly or quarterly basis by the obligor depending on the established cash flow cycle and in line with the approved repayment schedule.
Trading activities shall not be eligible for financing under the Scheme. Priority will be given to innovative entrepreneurial activities with high potentials for export, job creation and transformational impact.
5 years
The Scheme shall be operated for a period of 10 years (not exceeding 31st December 2031) depending on the complexity of the project.
Use of third-party company documents not belonging to the applicant is not allowed and proposed business must be in line with Object Clause.
Forgery of Profoma Invoice is highly prohibited.
Submission of Statement of Result instead of Degree Certificate, submission of forged Degree Certificate and submission of third-party Degree Certificate not belonging to the applicant is not allowed.
Apply through https://cbnties.com.ng
The Federal Government of Nigeria has launched an application portal for N500K Grant for Artisans, Trainees and Technician to register…
3 Million Technical Talent (3MTT) Program3 Million Technical Talent (3MTT) ProgramThe Federal Ministry of Communications, Innovation & Digital Economy is…
ITF / NECA Skills Acquisition Training - PAN Learning Centre was established in 1978 with 11 expatriates under Organization for…
The Joint Admission and Matriculation Board (JAMB) has released tips on JAMB Change of Course/Institution. This tips are for those…
University Of Lagos (UNILAG) - Unilag JAMB Cut-off Mark and departmental cut off marks for all courses for the 2024/2025…
The federal government says it has commenced the loan disbursement process for micro, small and medium enterprises (MSME) and manufacturing…