The Federal Government has taken a major step to support youth innovation by awarding ₦50 million. Each to 45 outstanding students as startup funding under the Student Venture Capital Grant initiative.
The beneficiaries selected from a pool of 65 finalists drawn from both public and private tertiary institutions across Nigeria. Marking one of the largest direct funding programmes for student-led startups in the country.
From Campus Ideas to Real Businesses
The startup funding grant designed to help students transform innovative ideas into viable businesses.
By providing substantial capital, the initiative aims to eliminate one of the biggest challenges young entrepreneurs face. Access to funding—while encouraging innovation, creativity, and problem-solving among Nigerian youths.
Driving Innovation and Economic Growth
The Student Venture Capital Grant is part of a broader government effort to promote entrepreneurship, job creation, and economic diversification.
With this level of financial support, beneficiaries are expected to build scalable ventures that can contribute to Nigeria’s economy and create employment opportunities.
This move positions students not just as learners, but as future business leaders—equipped with both ideas and the funding to bring them to life.
