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Nigeria Launches Grant to Fuel Student Innovation Projects

11/22/2025

Summary

Story summary

Nigeria has launched the Student Venture Capital Grant (S-VCG) to help university students turn innovative projects into commercial businesses.
The grant offers up to NGN50 million (about US$34,500) for STEMM-focused initiatives.
Alausa said the program aims to cultivate innovative entrepreneurs to boost the economy.
Students and professors praised the initiative, saying it will help scale projects and address national challenges, such as the electricity crisis.

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Story summary

Nigeria has launched the Student Venture Capital Grant (S-VCG) to help university students turn innovative projects into commercial businesses.
The grant offers up to NGN50 million (about US$34,500) for STEMM-focused initiatives.
Alausa said the program aims to cultivate innovative entrepreneurs to boost the economy.
Students and professors praised the initiative, saying it will help scale projects and address national challenges, such as the electricity crisis.