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CBN Grants to Help Reduce Unemployment in Nigeria
Federal Government and Central Bank of Nigeria has a new strategy to alleviate unemployment problems in Nigeria.
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The CBN 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.
CBN has developed grants for graduates and students. The new portal for CBN N500k grant registration has also been activated.
Apex Bank has made it clear that its Tertiary Institutions Entrepreneurship Scheme – (TIES) aims to increase access to finance for Nigerian polytechnic and university graduates and graduates with innovative business and technical ideas.
The central bank said that the main objective of creating TIES is to overcome the trend of white-collar job seekers and focus on job creation.
The scheme is designed to create a paradigm shift from a “white-collar” job search culture in an entrepreneurial culture to economic growth and job creation between undergraduates and graduates, “said CBN.
For grants, CBN will allocate funds. One of the top 5 3rd best distribution organizations.
CBN said: “The top five polytechnics and universities in Nigeria with the best entrepreneurial trends / ideas will be awarded first place: N150 m; second place N120 m; third place N80 m; fourth place N80 m and fifth place. Location – N50m “,
Apex Bank has announced that it will form a private and public sector expert organization (BoE) for two-year regional and national entrepreneurship competitions to assess the entrepreneurial and technological innovations offered by Nigerian polytechnics and universities. BoE will recommend high-potential projects. and the variable impact on the award of the grant.
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