Nigerian Government Launches N50m Student Venture Capital Grant for STEM Innovation

The Nigerian government has introduced a N50 million Student Venture Capital Grant to assist undergraduate students in STEM fields to transform their research and inventions into market-ready products and high-growth startups. The grant, offered through a partnership with the Bank of Industry, aims to foster job creation and global competitiveness.

Eligible students must submit project proposals outlining innovative solutions. Additionally, the Nigerian Content Development and Monitoring Board has launched a training program to equip young Nigerians with skills for the oil and gas industry.