FG Shortlists 65 Innovators for ₦50 Million Grant

The Federal Government of Nigeria has shortlisted 65 student innovators from a total of 30,639 applications across 404 tertiary institutions nationwide for a ₦50 million grant. This initiative, disclosed in a statement by Folasade Boriowo, Director of Press and Public Relations at the Federal Ministry of Education, aims to foster innovation and entrepreneurship among young Nigerians.

The program is designed to support students developing solutions across key sectors that are vital for national development. The student venture capital grant will be launched in December 2025 in partnership with the Bank of Industry.

The selected finalists will participate in a venture development bootcamp scheduled for March 26-29, 2026, featuring pitch sessions and workshops. The final decision on grant recipients will be based on performance during the bootcamp, with successful candidates announced on March 29, 2026.

This initiative underscores the ministry's commitment to investing in the future of Nigeria through support for scalable ventures.