FG Shortlists 65 Students for ₦50m Innovation Grant

Out of over 30,000 student applicants across Nigeria, only 65 made it to the final stage of a major government-backed innovation grant and that says a lot about how competitive things are getting.

The Federal Government of Nigeria has shortlisted 65 student innovators from 30,639 applicants across 404 tertiary institutions for the Student Venture Capital Grant (S-VCG).

The initiative, backed by Bola Ahmed Tinubu, is designed to support student-led businesses with up to ₦50 million in equity-free funding.

For students building ideas on campus, this is more than just funding—it’s a chance to turn side projects into real businesses.

According to the Minister of Education, Maruf Olatunji Alausa, the finalists have already shown strong creativity and ambition.

“The quality and ambition demonstrated by these 65 student innovators is deeply encouraging,” he said, adding that the programme is building a pipeline of future entrepreneurs and job creators.

The grant, launched in December 2025 in partnership with the Bank of Industry, focuses on ventures that are already close to real-world application—not just ideas on paper.

Getting to this stage wasn’t easy. Applications went through AI screening, human checks, and reviews by experts from government, academia, and the investment space.

Next, the shortlisted students will attend a bootcamp from March 26 to 29, where they’ll pitch their ideas, refine their ventures, and receive investor-style feedback.

Final winners will be announced on March 29 during the programme’s award event.
For many young Nigerians, this signals a shift—schools are no longer just for lectures and exams, but also for building startups and creating opportunities.

And as competition tightens, one thing is clear: having a good idea is no longer enough— students now need to think big, build fast, and be ready to compete on a national stage.