Home Job Apply For CBN Loan of 5 Million To Nigerian Graduates

Apply For CBN Loan of 5 Million To Nigerian Graduates

CBN is Accepting Loan Applications To Nigerian Business Graduates

by Greatjobnew

 

CBN is the Apex bank of Nigeria charged with the country’s financial responsibility and regulation,  is accepting applications for Loans of 5M and above for graduates for the past 7 yrs who have or are about to start a business.

Requirements;

CAC Certificate

BVN

NIN

TIN

Certified true copies of CAC

Valid ID

Corporate account

BSC

NYSC Discharge/Exemption

Business Report

Visit https://cbnties.com.ng or cbn.gov.ng

Read also>>The Federal Government To Make Cash Payment To 200,000 Nigerians

Applicants under the Scheme shall be graduates of Nigerian polytechnics and universities with 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; and Not more than 7 years post-NYSC,” the document reads.

The CBN added that the equity investment component shall be in the form of injection of fresh capital for start-ups, expansion of established businesses or reviving of ailing entrepreneurial businesses.

Advertisements

Raed also >>NYIF Commenced Training of 10,000 Youths: How to  Be Part Of The Training

Another component of the intervention is the developmental component which shall be disbursed in the form of grants to Nigerian polytechnics and universities in a national biennial entrepreneurship competition.

The apex bank said it would award N500 million worth of grants to five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas.

Only undergraduates of Nigerian polytechnics and universities are eligible to participate under the developmental component.

Advertisements

“Five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows: first place – N150m; second place – N120m; third place – N100m; fourth place – N80m; and fifth place – N50m,” the document adds.

Interested applicants must apply on the dedicated online portal and provide all the requisite documents to support the application.

Related Posts

Leave a Comment