FG Loan: How to Apply for Massive CBN Graduate Loan

CBN Graduate Loan
  • CBN Loan and how to apply for a massive CBN Graduate Loan

  • The CBN graduate loan is significant step forward in tackling growing young unemployment and underemployment.

EKO HOT BLOG reports that in accordance with the CBN Act of 2007, and as part of its policy measures to address rising youth unemployment and underemployment, the Central Bank of Nigeria developed the Tertiary Institutions Entrepreneurship Scheme (TIES) in collaboration with Nigerian polytechnics and universities to harness the potential of graduate entrepreneurs (gradpreneurs) in Nigeria.

CBN Graduate Loan
File Photo- CBN Press Briefing


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:

Provide an enabling environment for co-creation, mentorship and development of entrepreneurial and technological innovations; Classified as Confidential
Fast track ideation, creation and acceleration of a culture of innovation driven entrepreneurship skills among graduates of polytechnics and universities in Nigeria
Promote gender balance in entrepreneurship development through capacity development and improved access to finance.

Leapfrog entrepreneurial capacity of undergraduates and graduates for entrepreneurship and economic development in partnership with academia and industry practitioners
Address rising youth unemployment and underemployment

The Scheme aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.
Boost contribution of non-oil sector to the nation’s GDP


Some of the key requirements of this loan include:

  • Prospective applicants shall attend mandatory entrepreneurship trainings with their respective Nigerian polytechnics and universities and certificates of completion issued to trainees
  • Applications shall be submitted on a dedicated online portal (https://cbnties.com.ng ), with copies of relevant documents attached for review, which shall include the following: First degree certificate (BSc/HND/or its equivalent)
  • National Youth Service Certificate (NYSC) discharge or exemption certificate
  • Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training.
  • 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


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:

  • 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
  • Science and technology – medical innovation, robotics, ticketing


There are two Loan Categories in the Scheme. They are Sole Proprietors and Small Company / Enterprise TIES Loan.

Sole Proprietors: Businesses owned by one person can access up to N5 Million Loan under the Loan Scheme.

Loan Duration (Tenor): 5 years

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

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

  1. Small Company / Enterprise: Group-owned businesses must be registered with the Corporate Affairs Commission (CAC) and certified true copies (CTC) of relevant forms submitted.

The group can access up to N25 Million loans under the TIES Loan Scheme.
Loan Duration (Tenor): 5 years

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

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

CBN Graduate Loan
CBN Governor, Godwin Emefiele


The CBN graduate loan is significant step forward in tackling growing young unemployment and underemployment. This program contributes to the development of innovative financial models that will increase job creation, entrepreneurial development, and economic growth.

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