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Tertiary Institutions Entrepreneurship Scheme (TIES) for Nigerian graduates

The Central Bank of Nigeria introduced an initiative targeted at empowering graduates of Nigerian tertiary institutions with entrepreneurial skills for Entrepreneurship development, Economic development and Job creation in order to boost economic growth and reduce unemployment in Nigeria.

The Scheme is for graduates of Nigerian Universities and Polytechnics that have successfully completed their NYSC and have collected their Discharge or Exemption Certificate. Undergraduates are NOT eligible.

The Scheme shall be implemented through three (3) components which are as follows:

  • Term Loan Component;
  • Equity Investment Component;
  • Developmental Component
Amount to be accessed
  • Tier 1 – Individual projects: Loan limit of N5Million for a tenor of 5 years
  • Tier 2 – Partnership / Company projects (with maximum 5 individual partners) : Loan limit of N25 million for a tenor of 5 years
The interest rate for  this scheme is 5% per annum (shall be 9% effective from March 1, 2022 or as may be prescribed by the CBN).

Mode of Loan repayment: monthly or quarterly depending on approved repayment schedule.


Eligibility Criteria

  • Graduates of Nigerian Polytechnics and Universities:
  • 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
  • Not more than 7 years post-NYSC.

Apply Here

Eligible Areas of business

  • 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
Collateral required
  • The applicant’s first-degree certificate
  • NYSC discharge or exemption certificate
  • Duly signed Global Standing Instruction (GIS) by the applicant
  • Third party guarantee from senior civil or public servant, clergy of repute, lawyer, accountant, banker, medical doctor, etc.
*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

Required documents 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;
  • 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.
Applicants are to personally submit their loan application here
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