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The Minister of Education, Tunji Alausa, has launched the Student Venture Capital Grant (S-VCG), a new initiative offering Nigerian students access to investment funding of up to ₦50 million for their startups.
Speaking in Abuja on Monday, Alausa said the programme aligns with President Bola Tinubu’s Renewed Hope Agenda to empower young people and promote innovation.
He described the grant as a platform that supports student-led ventures through funding, mentorship and increased visibility.
Alausa stated that beneficiaries will receive equity-free seed funding of up to ₦50 million, alongside incubation support and guidance from experienced entrepreneurs and industry experts.
The scheme is open to students in federal, state, and private tertiary institutions, including undergraduates from 300 level upward, as well as master’s and doctoral students.
Applicants must have CAC-registered businesses within STEMM fields—Science, Technology, Engineering, Mathematics and Medical Sciences.
The application portal opened on November 17, 2025, with submissions accepted from eligible students nationwide. Successful applicants will proceed to a second stage to pitch before a 12-member panel of industry professionals.
The portal closes on January 23, 2026.
