CBN N500 Million Grant for Graduates, Undergraduates in Tertiary Institutions

The CBN N500 million Grant for Graduates is available here. Suitably qualified applicants willing to apply for this grant can read this article to get the right information on how they can apply for it.

The Central Bank of Nigeria has announced that it is giving out N500 million to graduates in Nigeria. This was made known when the CBN introduced the Tertiary Institutions Entrepreneurship Scheme (TIES). They will partner with Nigerian universities and polytechnics to ensure that this dream is actualized.

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This was disclosed by the Central Bank of Nigeria in a circular, titled “Guidelines for the implementation of tertiary institutions entrepreneurship scheme“, dated October 2021.

The aim of this CBN N500 million Grant for Graduates is to enable graduates and undergraduates access grants to start up business after school and to enable them be employer of labour where ever they find themselves.

This will in turn reduce the unemployment rate in the country. So if you are looking for grant today to start up a business as a graduate then this post is for you. Kindly read through this article till the end.

Regarding the grant, the CBN would distribute N500 million among the top 5 tertiary institutions in the country with the best pitch. What are you waiting for? Why not start by applying for this grant today?

According to the Apex bank, 5 top Nigerian institutions with the best entrepreneurial ideas shall be awarded as follows: first place – N150m; second place – N120m; third place – N100m; fourth place – N80m; and fifth place – N50m,”

Requirements for CBN N500 million Grant for Graduates 2021

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with:

  • First-degree certificate (B.Sc., HND or it is equivalent)
  • National Youth Service Certificate (NYSC) discharge or exemption certificate
  • Certificate of Participation issued by polytechnics and universities evidencing entrepreneurship training
  • NYSC certificate not more that 7 years old

READ ALSO: NEDIS Covid-19 Special Fund Grant/Loan for SMEs, Farmers and Traders

If you are looking for the CBN N500 million Grant for Graduates website then visit the application portal at


Why not leave a comment with us through the comment box section below so that we can notify you with the in line as per this CBN Grant application.


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