FG Opens Application Portal for Student Venture Capital Grant Offering Up to ₦50 Million

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The Federal Government of Nigeria has officially opened the application portal for the Student Venture Capital Grant, a landmark initiative designed to boost youth innovation and entrepreneurship across the country. The new programme offers equity-free grants of up to ₦50 million to support high-potential, student-led business ideas.

According to government officials, the scheme targets undergraduates and postgraduate students with scalable, technology-driven, or impact-focused projects capable of creating jobs and strengthening Nigeria’s digital and economic landscape.

The initiative forms part of the government’s broader push to empower young people through funding, capacity-building, and access to startup resources. Successful applicants will receive financial support, mentorship, and access to venture development programs—without giving up equity in their businesses.

The portal is now live, and students nationwide are encouraged to apply before the deadline.

Authorities say the programme is expected to stimulate innovation in sectors such as agriculture, fintech, health tech, renewable energy, manufacturing, and creative industries.