As a way of tackling the problem of growing youth unemployment in Nigeria, the Central Bank of Nigeria (CBN) on Thursday formally launched the Tertiary Institutions Entrepreneurship Scheme (TIES) in Abuja.

The apex bank also presented cheques of N5million each to six pioneer beneficiaries of the scheme to help boost their businesses, create employment and contribute to economic growth.

CBN Governor, Mr Godwin Emefiele, said that the scheme was designed to create a paradigm shift among students and graduates of tertiary institutions in Nigeria from white-collar jobs towards entrepreneurship development.

The Central Bank of Nigeria also shared the TIES loan requirements and advised the youths to take advantage of the scheme.

TIES Loan Requirements

1) Be a Nigerian polytechnic and University graduates with not more than 7 years post NYSC

2) Providing requisite information and documents, such as:

First degree and NYSC discharge (or exemption certificate)
Valid mobile phone number (linked to your NIN or BVN)
Evidence of business registration (certified copies of relevant CAC documents) and
Corporate bank account number of business.

Method of application

To apply and for more information, visit https://www.cbnties.com.ng
Support line: 0700 225 5226

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