The Central Bank Of Nigeria (CBN) Tertiary Institutions Entrepreneurship Scheme (TIES) For Nigerian Graduates Entrepreneurs


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.

The Central Bank of Nigeria(CBN) therefore developed the Tertiary Institutions Entrepreneurship Scheme (TIES), in partnership with the academia( Universities and Polytechnics) to unleash the potential of the Nigeria graduate entrepreneurs (gradpreneurs) by providing re-orientation, training, and an innovative financing model that will enhance the entrepreneurial ecosystem with transformational impact on the economy.


The broad objective of the Scheme is to enhance access to finance by undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas. Other specific objectives of the Scheme include:

  1. Provide an enabling environment for co-creation, mentorship and development of entrepreneurial and technological innovations for value creation in partnership with Nigerian polytechnics and universities for the purpose of economic development and job creation;
  2. Fast track ideation, creation and acceleration of a culture of innovation-driven entrepreneurship skills among graduates of polytechnics and universities in Nigeria;
  3. Promote gender balance in entrepreneurship development through capacity development and improved access to finance;
  4. Leapfrog entrepreneurial capacity of undergraduates and graduates for entrepreneurship and economic development in partnership with academia and industry practitioners; and
  5. Boost contribution of the non-oil sector to the nation’s GDP.

Key Performance Indicators

Comprehensive monitoring of specific benchmarks and key performance indicators (KPIs) under the Scheme shall be undertaken regularly. The KPIs (specific and relevant) shall include:

  1. Number of gradpreneur-led innovative start-ups and businesses with access to finance under the Scheme – 25,000 annually;
  2. Number of sustainable jobs created by gradpreneur-led businesses financed under the Scheme – 75,000 annually;
  3. Number of female-gradpreneurs financed as a percentage of total projects financed under the Scheme – 50 percent per annum;
  4. Number of agropreneurs financed as a percentage of total projects financed under the Scheme – 40 percent per annum;
  5. Number of creative entrepreneurs financed as a percentage of total projects financed under the Scheme – 20 percent per annum;
  6. Number of Techpreneurs financed as a percentage of total projects financed under the Scheme – 20 percent per annum; and
  7. Number of other gradpreneurs financed as a percentage of total projects financed under the Scheme – 20 percent per annum.


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:

  1. Agribusiness – production, processing, storage and logistics;
  2. Information technology – application/software development, business process outsourcing, robotics, data management;
  3. Creative industry – entertainment, artwork, publishing, culinary/event management, fashion, photography, beauty/cosmetics;
  4. Science and technology – medical innovation, robotics, ticketing
Term Of Loans:
Tier 1 – Sole Proprietorship

For Partnerships registered either as Limited Liability Companies and Small Companies as defined by CAMA

5 years

Loan Limit:
N25 million

Interest Rate:
5% from now to February 28, 2022 ( and 9% from March 1, 2022)

Maximum of 12 months (dependent on the type of business)


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, recognized traditional ruler, professionals (lawyers, doctors, accountants, etc.), confirmed staff of established companies.
Repayment: Interest and principal repayment shall be made monthly on an installment basis by the obligor to the PFIs according to the approved repayment schedule.
NOTE: Trading activities shall not be eligible for financing under the Scheme.

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