All You Need To Know About N500m CBN Grant For Undergraduates Students

The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship scheme’.

“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,” it said.

It added that activities to be covered under the scheme would include innovative start-ups and existing businesses owned by graduates of Nigerian polytechnics and universities in areas such as agribusiness, information technology, creative industry, as well as science and technology.

The CBN said agribusiness would include production, processing, storage and logistics, while information technology would include application/software development, business process outsourcing, robotics and data management.

The beneficiary must apply on the dedicated online portal and provide all requisite documentation to support the application, the CBN said.

It noted that priority would be given to innovative entrepreneurial activities with high potential for export, job creation and transformational impact.

Source: aceworldpub