The Federal Government has unveiled a ₦50 million Student Venture Capital Grant (S-VCG) aimed at promoting innovation, entrepreneurship, and business development among students in Nigeria’s tertiary institutions.

The initiative is designed to support young innovators with viable business ideas, enabling them to transform concepts into scalable enterprises. According to the government, the grant will provide early-stage funding, mentorship, and access to entrepreneurial networks for selected student-led startups.

The S-VCG scheme aligns with the Federal Government’s commitment to youth empowerment, job creation, and the growth of a technology-driven economy. It is also expected to strengthen the culture of innovation within universities, polytechnics, and colleges of education across the country.