CBN Tertiary Institutions Entrepreneurship Scheme

CBN Tertiary Institutions Entrepreneurship Scheme (TIES)

The CBN as part of its policy measures to address rising youth unemployment and underemployment, introduces Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates ad graduates of Nigerian Universities and polytechnics from seeking white-collar jobs to entrepreneurship. The scheme aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development and support economic growth.


  1. Term Loan


Graduates of any Nigerian university or polytechnic within the past
seven (7) years with entrepreneurial interest.

Scope of Activities:

  • 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; and

Science and technology – medical innovation, robotics,
ticketing systems, traffic systems, renewable energy, waste


Apply online via the designated online portal (
providing requisite information and documents, such as:

First degree and NYSC discharge (or exemption

Valid mobile phone number (linked to your NIN),
BVN, NIN, TIN, and email address;

Evidence of business registration (certified true
copies of relevant CAC documents); and

Corporate bank account number of business.

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

Female entrepreneurs are encouraged to apply.


Trading activities shall not be eligible for financing under the Scheme.

• N5.0 million for individual/sole proprietorship/small company
projects; and
• N25.0 million for partnerships/company projects
• Interest rate: 5% per annum (9% effective from March 1, 2022
or as may be prescribed by the CBN)
• Tenor: Five (5) years
• Moratorium: 12 months

2. Equity Investment


Start-ups, existing businesses expanding or ailing businesses.

Scope Of Activities:

The equity investments shall be in enterprises operating within the eligible
scope of activities. Applications for participation under the window shall be
through submission of application on

Investment Limit:

Subject to the limit prescribed in the AgSMEIS Guidelines.

Investment Period

  • Investment made shall be a period of ten (10) years and not exceeding December 31 2031
  • There shall be a 3 year lock in period before exit in order to encourage value creation and boost managerial capacity of business.

NOTE: The equity investment shall be implemented under the AgSMEIS
Equity window.

3. Development (Grant) Component

Polytechnics and universities in Nigeria shall compete in the national
biennial entrepreneurship competition to raise awareness and visibility of
entrepreneurial or technological innovations among undergraduates.
Applications for participation under the Development window shall be
through submission of application on

Body of Experts (BoE) shall be constituted from the private and public
sector to evaluate entrepreneurial and technological innovations
submitted by Nigerian polytechnics and universities

Top five (5) polytechnics and universities at the national level shall be
awarded the grant prize on the recommendation of the Body of Experts

Grant Awards:

  • First Place – 150.0 million
  • Second Place – 120.0 million
  • Third Place – 100.0 million
  • Fourth Place – 80.0 million
  • Fifth Place – 50.0 million

The grant shall be utilized specifically for the development of the award winning innovations and to support research and development of high impact projects within or around the institution’s community.

Scope Of Activities

Agribusiness, information technology, creative industry and science &

NOTE: The Equity Investment and Developmental (Grant) Components would
commence from April 2022.

How To Apply

Visit TIES Official Application Page Here

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