CBN LAUNCHED T.I.E.S. PROGRAM IN 2021 TO TACKLE YOUTHS UNEMPLOYMENT

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    The Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has formally launched the Tertiary Institution Entrepreneurs Scheme, (T.I.E.S), with a charge to beneficiaries to utilize the loans for the purpose it was meant for, just as he inaugurated an 11-membered body to obesee the screening of perspective beneficiaries of the scheme aimed at tackling unemployment and underemployment among Nigerian youths.

    Performing the launch at the Bank’s Head Office in Abuja on Thursday, 25th November, 2021, Mr. Emefiele disclosed that the formal launch of the TIES and inauguration of the body of experts for the scheme’s development components underscored the critical roles youths play in building new blocks for economic growth, particularly as the country’s national growth was highly dependent on a strong and competitive businesses.

    He also said that the scheme was developed in partnership with Nigerian Polytechnics and Universities, to harness the potential of graduate entrepreneurs creating a paradigm shift from the pursuit of white-collar jobs to a culture of entrepreneurship for economic development and job creation.

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