The Minister of Education, Tunji Alausa, has officially launched the Student Venture Capital Grant (S-VCG), offering Nigerian students the chance to access up to ₦50 million in investment funding for their businesses. This initiative is part of President Bola Tinubu’s Renewed Hope Agenda aimed at empowering youth and fostering innovation.
Speaking at the launch event in Abuja, Alausa highlighted the S-VCG as a government initiative designed to support student-driven innovations and startups through funding, mentorship, and visibility. Beneficiaries will receive a comprehensive support package tailored to enhance their chances of building viable, scalable ventures, including equity-free seed investment and extensive incubation programs.
The program is open to undergraduate students in their third year and above, as well as master’s and PhD students from all federal, state, and private tertiary institutions. Eligible projects must be related to STEMM fields—Science, Technology, Engineering, Mathematics, and Medical Sciences—and businesses must be registered with the Corporate Affairs Commission (CAC).
The application portal opened on November 17, 2025, and will close on January 23, 2026. Selected applicants will have the opportunity to pitch their ventures to a panel of industry professionals.
