CBN Tertiary Institutions Entrepreneurship Scheme Portal Login/Register – This is to notify you that the Central Bank of Nigeria TIES registration portal is open for all Nigerians to apply for the CBN ties loan
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
Eligible Activities (Areas of Business)
The activities to be covered under the Scheme shall include innovative start-ups and budding businesses owned by graduates of Nigerian polytechnics and universities in the following areas:
NOTE: Trading activities shall not be eligible for financing under the Scheme.
The Scheme shall be implemented through three (3) components:
Is TIES a grant?
Can I apply as an undergraduate
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 or is in active service.
Who is eligible to apply for TIES?
Graduates of Nigerian Polytechnics and Universities shall be eligible to participate under the Term Loan Component.
What businesses are eligible to apply for TIES?
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:
What are the Eligibility Criteria for Participation for the Term Loan Component under TIES?
How much should I pay for the online application?
No payment is required for submission and processing of TIES loan application or any other CBN intervention.
Are there agents that can help applicants to apply for the loan?
No, CBN does not have any agent for its interventions including TIES. Applicants are to personally submit their loan application via the approved online portal url: https://cbnties.com.ng
What type of Collateral can I use to apply for TIES?
The collateral acceptable under TIES are:
If BSc/HND Degree and NYSC Certificates are accepted as collateral, does that mean I am to submit the hard copies of my original certificates and to whom?
Can I use the Certificate from either a Private or and approved Entrepreneurship Development Institution (EDI) to apply for TIES?
No, you can only apply with Entrepreneurship Certificate issued by a University or Polytechnic entrepreneurship/ skill acquisition centre.
What is the maximum amount I can access under the TIES?
What is the interest rate for TIES?
5% per annum (shall be 9% effective from March 1, 2022 or as may be prescribed by the CBN).
How long is the moratorium on TIES?
There is a maximum of 12 months moratorium on principal and interest.
What are the documents needed to apply for TIES?
Can I apply for TIES even after accessing Agri-Business Small and Medium Enterprise Investment Scheme (AGSMEIS) or any other CBN intervention?
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.
How will the loan repayment be scheduled?
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.
As a trader, can I apply for TIES?
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.
What is the maximum loan tenor for TIES?
5 years
What is the sunset date for TIES?
The Scheme shall be operated for a period of 10 years (not exceeding 31st December 2031) depending on the complexity of the project
How can I apply for CBN TIES?
To begin application, visit www.cbnties.com.ng
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