FG Launches Student Venture Capital Grant

The Federal Government, through the Ministry of Youth Development, has launched the Student Venture Capital Grant, a landmark initiative providing up to N50 million in equity-free funding to student-led ventures.

The initiative aims to strengthen research, innovation, and entrepreneurship across tertiary institutions nationwide.

The grant has received overwhelming interest, with 17,914 applications from 402 institutions.

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Shortlisted teams will pitch to a 12-member expert panel, turning campuses into innovation hubs and producing market-ready solutions.

Stakeholders, including the National Association of Nigerian Students (NANS), development partners, and government representatives, have praised the initiative as a transformative step under the Renewed Hope Agenda, reaffirming the government’s commitment to empowering student innovators.