CBN develops TIES to reduce graduate unemployment

The Central Bank of Nigeria (CBN) is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) to re-orientate, train and finance entrepreneurship ideas by Nigerian graduates.
The CBN Governor, Dr Godwin Emefiele, stated this in a goodwill message to the 35th Conference of Vice Chancellors of Nigerian Universities, holding at the Kano State University of Science and Technology (KUST), Wudil.
Represented by Dr Adebowale Olabimtan-Idowu, CBN Deputy Director, Development Finance, Emefiele said there was need to re-orientate youths from waiting for white collar jobs to entrepreneurship.
He said that the scheme was designed to support the development of entrepreneurial mindsets and culture, through the introduction of a platform that provides seamless access to affordable finance by graduates.
It would also assist in creating employment for many youths graduating from various institutions of higher learning in the country annually, he added.

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