CBN TIES Graduate Loan Application Form 2021 - How To Register on TIES Portal

Tertiary Institutions Entrepreneurship Scheme (TIES) is a Central Bank of Nigeria (CBN) initiative to address rising youth unemployment and underemployment. TIES application form 2021 is now available on the TIES portal. CBN developed the Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.

 

CBN TIES Loan Application Form 2021

https://cbnties.com.ng/register

CBN TIES Loan Application Portal

  https://cbnties.com.ng

CBN TIES Loan Portal Login

Login to your CBN TIES portal account
https://cbnties.com.ng/login

CBN Guidelines for the implementation of Tertiary Institutions Entrepreneurship Scheme (TIES)

CBN TIES Implementation Guidelines

• Table of Content
• About Central Bank of Nigeria (CBN)
• CBN Tertiary Institutions Entrepreneurship Scheme
• Aim and Benefits of CBN Tertiary Institutions Entrepreneurship Scheme
• Requirements for CBN Tertiary Institutions Entrepreneurship Scheme Qualification
• Documents Required for Application
• Application Deadline
• How to Apply

About Central Bank of Nigeria (CBN)

The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on July 1, 1959.[2] The CBN Act was amended in 1991, 1993, 1997, 1998, 1999 and 2007.[3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country, promote monetary stability and a sound financial environment, and to act as a banker of last resort and financial adviser to the federal government. The central bank's role...... continue reading

CBN Tertiary Institutions Entrepreneurship Scheme

Application Deadline	Not Specified
Country to study	Nigeria
Type	Entrepreneurs
Sponsor	Central Bank of Nigeria (CBN)
Gender	Men and Women

Aim and Benefits of CBN Tertiary Institutions Entrepreneurship Scheme

Tertiary Institutions Entrepreneurship Scheme (TIES) 2021 is designed to create a paradigm shift among undergraduates and graduates from the pursuit of white-collar jobs to a culture of entrepreneurship development for economic development and job creation. The Scheme thus aims to provide an innovative financing model that will create jobs, enhance the entrepreneurial ecosystem and support economic growth and development.

• Activities to be covered under the Scheme shall include innovative start-ups and existing businesses owned by graduates of Nigerian polytechnics and universities in the following areas:  Agribusiness – production, processing, storage and logistics;
• Information technology – application/software development, business process outsourcing, robotics, data management;
• Creative industry – entertainment, artwork, publishing, culinary/event management, fashion, photography, beauty/cosmetics;
• Science and technology – medical innovation, robotics, ticketing systems, traffic systems, renewable energy, waste management; and v. Any other activity as may be determined by the CBN from time to time.

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

The broad objective of the Scheme is to enhance access to finance by undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas. Other specific objectives of the Scheme include:

• Provide an enabling environment for co-creation, mentorship and development of entrepreneurial and technological innovations;
• Fast track ideation, creation and acceleration of a culture of innovationdriven entrepreneurship skills among graduates of polytechnics and universities in Nigeria;
• Promote gender balance in entrepreneurship development through capacity development and improved access to finance;
• Leapfrog entrepreneurial capacity of undergraduates and graduates for entrepreneurship and economic development in partnership with academia and industry practitioners; and
• Boost contribution of non-oil sector to the nation’s GDP.

Five (5) top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows:

• First place – N150.0 million;
• Second place – N120.0 million;
• Third place – N100.0 million;
• Fourth place – N80.0 million; and
• Fifth place – N50.0 million.

The grants shall be in the following areas:

• Agribusiness;
• Information technology;
• Creative industry; and
• Science and technology.

Requirements for CBN Tertiary Institutions Entrepreneurship Scheme Qualification

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with:

• First degree certificate (BSc/HND/ or its equivalent);
• National Youth Service Certificate (NYSC) discharge or exemption certificate;
• Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training; and
• Not more than 7 years post-NYSC.

The beneficiary shall:

• Apply on the dedicated online portal and provide all requisite documentation to support the application;
• Present for verification original copies of submitted certificates and documents;
• Submit business proposal and other documentation requirements
• Adhere strictly to the terms and conditions of the Scheme and avoid any forms of plagiarism in the project idea;
• Utilize the funds for the purpose for which it was granted;
• Present the business and its location for mapping/tagging, as well as monitoring and evaluation;
• Maintain accurate and up-to-date records available for inspection/verification by the CBN and Monitoring Team; and
• Adhere strictly to the terms and conditions of the Scheme.

Documents Required for Application

• First degree certificate (BSc/HND/or its equivalent);
• National Youth Service Certificate (NYSC) discharge or exemption certificate;
• Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training;
• Letter confirming the applicants’ deposit of required certificates from PFI;
• Projected Statement of Income, Statement of Affairs, and cash flow projections for start-ups and businesses with less than 3 years of operations;
• Business plan outlining details, financials and economic benefits of the projects.

Check also:
Commonwealth Master's Scholarship to Study in UK 2027/2028
Mandela Washington Fellowship for Africans 2027 (Fully Funded to USA)

Application Deadline

Not Specified

How to Apply

Interested and qualified? Go to Central Bank of Nigeria (CBN) on cbnties.com.ng to apply

CBN TIES Application Process - Step By Step Guide

Here is a step by step guide on how you can successfully apply for the ongoing Nigeria Youth Investment Fund (NYIF)

Step 1: Visit CBN TIES Application Portal for the Application Form

Click on CBN TIES portal link to open the portal. Once the CBN TIES portal loads, click on the "Apply Now" button that is in green color. You will see a pop up with an introduction message, click "Proceed"

Step 2: Choose Loan Type

Once the TIES application form opens, the first think to do is to select the loan type you want. There are two types of loan available; 
a. Tier 1 - Sole Proprietorship
b. Tier 2 - Small Company / Enterprise
Select the option that best describe your business

 

Step 3: Enter your NYSC / Graduation Details

You will be asked to provide the following NYSC / Graduation information
NYSC Certificate Number
Year Of NYSC Certificate
Year of Graduation
Note: only those that graduated from 2015 to 2020 are allowed to apply

Step 4: Enter Your Personal Details

First Name
Last Name
Email
Password
Confirm Password
The email and password you entered will required during login. Note that your password must be up to 8 character

 

Step 5: Click Submit

When you are done filling the above details, click "SUBMIT" to create your TIES account.

 

COMPLETE AND UPDATE YOUR INFORMATION

If your details are correct, your TIES account will be created and you will be asked to complete the following;

Step 6: Owner Verification

NIN
BVN

Step 7: APPLICANT INFORMATION

Middle Name
Gender
Date Of Birth
Mobile phone No
Marital Status
State of residence
Home Address
State of Orgin
Loan Amount

Step 8: GRADUATE INFORMATION

Name of Higher Institution Attended
Programme of Study
Degree Certificate Number
Current Employment Status
Centre or University of Entrepreneurship Training
Year of Entrepreneurship
Entrepreneurship Certificate Number

Step 9: BUSINESS INFORMATION

Has your Company been registered?
If yes, Kindly provide Registration Number.
Date of Company Registration
Date Business Started
TIN (Tax Identification Number)
Company Name
Beneficiary Bank
Business Account Number
Business Phone No
Business Email

 

Step 10: PROJECT INFORMATION

Type of Business
Business Location
Project Sector
LGA of Business
Geo Political Zone

 

Step 11: ATTACHMENTS

You will be asked to attach the listed documents.
(Max file size: 2mb)

• CERTIFICATE OF INCORPORATION/REGISTRATION
• CERTIFIED TRUE COPY OF FORM CAC 2.5 (ALLOTMENT OF SHARES)
• CERTIFIED TRUE COPY OF FORM CAC 2.1 (APPOINTMENT OF COMPANY SECRETARY)
• FEASIBILITY REPORT/BUSINESS PLAN
• DIGITAL COPY OF HIGHER INSTITUTION DEGREE CERTIFICATE (BSC/HND OR EQUIVALENT)
• CERTIFICATE ISSUED BY POLYTECHNICS OR UNIVERSITIES EVIDENCING ENTREPRENEURSHIP TRAINING
• MEMORANDUM AND ARTICLES OF ASSOCIATION (MEMART)
• CERTIFIED TRUE COPY OF FORM CAC 2.3 (PARTICULARS OF DIRECTORS)
• MEANS OF IDENTIFICATION (I.E. PHOTOCOPY OF INTERNATIONAL PASSPORT OR DRIVER’S LICENSE OR NATIONAL IDENTITY CARD OR PERMANENT VOTER’S CARD)
• QUOTATION/PROFORMA INVOICE FOR THE SUPPLY OF THE ITEMS OF MACHINERY & EQUIPMENT
• DIGITAL COPY OF NYSC DISCHARGE CERTIFICATE
• DULY SIGNED GLOBAL STANDING INSTRUCTION (GSI)\

 

Step 12: Click Submit

When you are done click "SUBMIT"

Good Luck!

 

All enquiries and returns should be addressed to:

The Director, Development Finance Department, Central Bank of Nigeria, Corporate Headquarters Central Business District, Abuja.

For more details, click here (pdf)