CBN issues guidelines for implementing TIES



Through Omodele Adigun

In In order to improve access to finance for undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas, the Central Bank of Nigeria (CBN) has issued implementation guidelines tertiary institutions entrepreneurship programs (TIES).

According to the apex bank, the program was developed in partnership with Nigerian polytechnics and universities to harness the potential of graduated entrepreneurs (gradpreneurs) in Nigeria., as part of its policy measures to tackle rising unemployment and youth underemployment in the country. He explains that the aim of the program is to provide an innovative financing model that will create jobs, improve the entrepreneurial ecosystem and support economic growth and development.

The document states that the overall objective of the program is to improve access to finance for undergraduates and graduates of polytechnics and universities in Nigeria with innovative entrepreneurial and technological ideas.

Other specific plan goals include: Provide an environment conducive to the co-creation, mentoring and development of entrepreneurial and technological innovations; Rapid ideation, creation and acceleration of a culture of innovation; strong entrepreneurial skills among graduates of polytechnics and universities in Nigeria.

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