50 Student Ventures to Receive ₦50 Million Each in Funding

The Student Venture Capital Grant (S-VCG) is launching its second cohort, offering ₦50 million each in equity-free funding to 50 student-led ventures across Nigeria. This initiative, led by the Minister of Education, Dr. Maruf Tunji Alausa, aims to empower young Nigerians to transform innovative ideas into viable businesses as part of the Federal Government's Renewed Hope Agenda under President Bola Ahmed Tinubu.

Applications will be accepted nationwide, with a campus mobilization campaign scheduled from September 6–30, 2026, targeting students in science, technology, engineering, mathematics, and medicine (STEMM). The S-VCG team will visit nine universities across Nigeria's six geopolitical zones and activate a Campus Ambassador Programme in 20 additional institutions.

The selection process includes AI-assisted screening and human evaluations, culminating in virtual presentations and a bootcamp for finalists. Successful beneficiaries will also receive six months of mentorship from various organizations, enhancing their entrepreneurial skills and networks.