How To Get TIES Loan

Every young person in Nigeria now needs to look for self-employment due to the high unemployment rate. However, in order for self-employment to be successful, it needs funding. Herein lies the role that loans play. Every Nigerian graduate can get an instant loan to run their enterprises with the TIES loan.


Graduates and undergraduates in Nigeria have access to loans through the Tertiary Institutions Entrepreneurship Scheme (TIES). In order to assist graduates and students who might require funds to establish a business, the Central Bank of Nigeria (CBN) introduced the program in 2023.


TIES intends to encourage graduates and undergrads to embrace entrepreneurship for job creation and economic development rather than opting for white-collar positions.

If you want to apply for it, please follow these instructions:


1. Go to their website at by clicking the link.


2. Next, tap “Apply Now”


3. The next step is to fill out the registration form with the necessary information, check your details, and send in your request. You’ll hold your breath till they reply to you.

Read Also:  How To Sell/Swap Your Car With Toyota In Ghana


Who is eligible for the TIES loan?

Only those with a Nigerian university or polytechnic degree will be considered by the government. They will also prioritize innovative entrepreneurial operations with high potential for export, job generation, and transformational impact.


What kind of enterprises can apply for TIES?

TIES cover the following business activities:


1. Agribusiness – harvesting, processing, storage as well as logistics


2. Information technology – software/application development, data management, robotics, business process outsourcing


3. Creative industry – entertainment, publishing, artwork, culinary/event management, photography, fashion, beauty/cosmetics


4. Science and technology – medical innovation,, ticketing systems, robotics, renewable energy, traffic systems, waste management


As a result, in order to be eligible for TIES as a graduate or undergraduate, your company must fall into one of the aforementioned categories.

Read Also:  How To Buy Gold


What documents do I need to apply for TIES loan?

To apply for this timely loan, you require these important documents:


First-degree certificate (BSc or HND or any of its equivalent)

National Youth Service Certificate (NYSC) discharge certificate or exemption certificate

Certificate of Participation your polytechnics and universities issues showing proof of your entrepreneurship training

Your Statement of Income, Statement of Affairs, as well as cash flow projections for both start-ups and businesses with not more than 3 years of operations

Business plan delineating details, financials, as well as the economic advantages of the projects

Note: You must not be over 7 years post-NYSC.


What is the maximum amount I can access under the TIES?

Here is a least of the loan amounts you can access TIES based on your level:


Tier 1 (Individual projects): Your loan limit is N5Million with a tenor of only 5 years.

Read Also:  Why Advertising is Important For Businesses

Tier 2 (Partnership / Company projects with at most 5 individual partners): Your loan limit is N25 million for a tenor of only 5 years.


What is the TIES interest rate?

From now until February 2023, the interest rate for every graduate or undergraduate using the TIES is 5%. It will, however, rise to 9% in March 2023.


Where can I get in touch with TIES (Tertiary Institutions Entrepreneurship Scheme)?


Here is a direct contact link: Enter your information and question, then send it. They’ll get back to you shortly.



The TIES loan is a one-of-a-kind financing program designed to help graduates and undergraduates who own businesses. Essentially, the goal of this strategy is to encourage entrepreneurship development in order to create jobs. Go over the information above to apply for the TIES. It should be noted, however, that the scheme is only available to graduates and students from Nigerian universities and polytechnics.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *