CBN Graduate Grant Application Portal – How To Apply For Cbn Grant For Graduates

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How To Apply For Cbn Grant For Graduates

Apply Here for CBN Graduate Grant and see 

  • Important Note: Take your take to read this post before your click the apply button.

The CBN, as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship.

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The Scheme aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.CBN Graduate Grant Portal

This page will teach all you need to know on  how  To Access Cbn Grant for free using your android phone or device. It will also the following Questions ;

Tier 1 – Sole Proprietorship CBN Graduate Grant 

Description:
For sole proprietorship businesses, limited liability companies and small companies as defined by CAMA
  • Tenor:  5 years
  • Loan Limit:  N5 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on the type of business)

Also Read : Federal Government Housing Scheme Portal – www.nshp.gov.ng

Requirements for CBN Grant For Graduates

  1. Bank Verification Number (BVN);
  2. Verified first-degree certificate (BSc/HND or its equivalent);
  3. Verified National Youth Service Certificate (NYSC) discharge or exemption certificate;
  4. Certificate issued by polytechnics and universities evidencing entrepreneurship training;
  5. Duly signed Global Standing Instruction (GSI);
  6. Third-party guarantee: a senior federal/state civil or public servant, clergy, recognised traditional ruler, professionals (lawyers, doctors, accountants etc.), confirmed staff of established companies.

Tier 2 – Small Company / Enterprise CBN Graduate Grant

Description: For Partnerships registered either as Limited Liability Companies and Small Companies as defined by CAMA.
  • Tenor:  5 years
  • Loan Limit: N25 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on the type of business)

CBN Grant For Graduates  Requirements

The group shall apply as a business entity registered with the Corporate Affairs Commission (CAC) and certified true copies (CTC) of relevant forms submitted.

  1. Bank Verification Number (BVN);
  2. Verified first-degree certificate (BSc/HND or its equivalent);
  3. Verified National Youth Service Certificate (NYSC) discharge or exemption certificate;
  4. Certificate issued by polytechnics and universities evidencing entrepreneurship training;
  5. Duly signed Global Standing Instruction (GSI);
  6. Third-party guarantee: a senior federal/state civil or public servant, clergy, recognised traditional ruler, professionals (lawyers, doctors, accountants etc.), confirmed staff of established companies.

 Term Loan CBN Graduate Grant

Eligibility:

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

CBN Graduate Grant 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 management

CBN Grant For Graduates  Requirements:

Apply online via the designated online portal () providing requisite information and documents, such as a 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)
  • Corporate bank account number of business; and First degree and NYSC discharge (or exemption certificate.

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.

CBN Graduate Grant Prohibition:

Trading activities shall not be eligible for financing under the Scheme Loan features:

  •  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

 

 Equity Investment

Eligibility:

Start-ups, existing businesses expanding or alling 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 https://conties.com.ng

Investment Limit

Subject to the limit prescribed in the AgSMEIS Guidelines.

CBN Graduate Grant Investment Period 

The investment made shall be for a maximum period of ten (10) years (not exceeding December 31, 2031).

There shall be a 3-year lock-in period before exiting in order to encourage value creation and boost the managerial capacity of business.

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

 Developmental (CBN Graduate 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

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

CBN Grant For Graduates awards: 

  • 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 grant shall be utilised 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.

CBN Graduate Grant Scope of activities:

Agribusiness, information technology, creative industry and science & technology

How To Apply For CBN Grant For Graduates or

To Access or Apply for CBN Grant For  Graduates.

Click on the CBN Graduate Grant you are qualified for.

Click  Apply Now. Next page Click Proceed

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  • Loan Type
  • NYSC Certificate Number
    Year Of NYSC Certificate
  • Year of Graduation
  • Personal Details
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  • How To Apply For Cbn Grant For Graduates

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