The Federal government has shortlisted 65 student innovators from 30,639 applicants across 404 tertiary institutions nationwide, for the final stage of the Student Venture Capital Grant (S-VCG),
The grant is a flagship initiative of President Bola Tinubu, designed to accelerate high-impact student-led ventures and strengthen the nation’s innovation-driven economy.
The Minister of Education, Dr Maruf Olatunji Alausa, revealed this in a statement by the Director of Press of the ministry, Boriowo Folasade,
He described the initiative as a strategic investment in the country’s next generation of innovators and job creators, noting that the outcome reflected the growing creativity and entrepreneurial capacity of students.
According to him, the Student Venture Capital Grant, launched in December 2025 in partnership with the Bank of Industry (BOI), provided up to ₦50 million in equity-free funding to support student-led ventures that reached the commercialisation stage.
He noted that it was designed to enable student entrepreneurs to scale innovative solutions, stimulate job creation, and contribute to innovation-driven economic growth.
As the programme enters its final stage, the selected innovators will participate in an intensive venture development bootcamp from the 26th to the 29th of March 2026,
The Student Venture Capital Grant Beneficiary Awards Day, will then take place on Sunday, the 29th of March 2026, from 2:00 PM to 4:00 PM, where recipients of the ₦50 million venture funding will be formally announced
Edited by Favour Owonibi.