NewsOnline reports that the CBN TIES Loan is a great program that gives Nigerian college graduates the skills they need to start their own businesses. This helps the economy grow and creates jobs.
Due to the high unemployment rate, every young person in Nigeria now has to look for work on their own. But for self-employment to work, it needs money. This is what loans are used for. With the TIES loan, every Nigerian graduate can get a loan right away to run their own business.
Through the Tertiary Institutions Entrepreneurship Scheme, Nigerian graduates and undergraduates can get loans (TIES). In 2021, the Central Bank of Nigeria (CBN) started the program to help graduates and students who might need money to start a business.
TIES wants to get college graduates and undergrads to start their own businesses instead of taking white-collar jobs to create jobs and help the economy grow.
Follow these instructions to apply:
1. Visit https://cbnties.com.ng/.
2. Tap “Apply”
3. Fill out the registration form, check your details, and submit your request. You’ll wait for a response.
The government would only consider Nigerians with university or polytechnic degrees. They’ll also favor creative entrepreneurial activities with export, job creation, and revolutionary potential.
TIES’s business activities include:
1. Harvesting, processing, storage, and logistics
2. IT: software/app development, data management, robotics, BPO
3. Entertainment, publishing, art, culinary/event management, photography, fashion, beauty/cosmetics
4. Medical innovation, ticketing systems, robots, renewable energy, traffic systems, waste management
Your organization must fall into one of these categories for you to be eligible for TIES as a graduate or undergraduate.
These documents are needed for this timely loan:
Note: 7 years post-NYSC is max.
Here are the TIES loan amounts by level:
Graduates and undergraduates utilizing TIES will pay 5% interest until February 2023. 9% in March 2023.
Here’s a link: https://cbnties.com.ng/contact Send your inquiry and info. Soon, they’ll reply.
Important
The TIES loan helps graduates and students with enterprises. This technique promotes entrepreneurship to create jobs. Review the TIES application information above. The scheme is only for Nigerian university graduates and students.
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