The Minister of Education, Tunji Alausa, has unveiled the Student Venture Capital Grant (S-VCG), a new initiative that will provide Nigerian students with access to investment funding of up to ₦50 million to support their business ventures.
Speaking at the launch in Abuja on Monday, Alausa said the programme is part of President Bola Tinubu’s Renewed Hope Agenda, designed to empower young people and promote innovation.
He explained that the S-VCG would deliver a comprehensive support package, including equity-free seed funding, incubation programmes, and mentorship from experienced entrepreneurs and industry leaders, to help students build scalable and sustainable startups.
“Beneficiaries of the Student Venture Capital Grant will receive tailored support to increase their chances of success,” Alausa stated.
The scheme is open to students in federal, state, and private tertiary institutions, including undergraduates from 300-level upwards, as well as master’s and PhD candidates. Applicants must have CAC-registered businesses and projects within the STEMM fields—Science, Technology, Engineering, Mathematics, and Medical Sciences.
The application portal, which opened on 17 November 2025, will close on 23 January 2026. Successful candidates will proceed to a second stage, where they will pitch their ventures before a 12-member panel of industry professionals.
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