The Federal Government of Nigeria has officially reached a major milestone in its quest to empower young entrepreneurs.
Out of a staggering 30,639 applicants representing 404 tertiary institutions, only 65 student innovators have been shortlisted for the final stage of the Student Venture Capital Grant.
This flagship initiative, championed by President Bola Tinubu, is designed to transform brilliant campus ideas into commercially viable businesses that can drive national development.
According to the Federal Ministry of Education, the selection process was incredibly rigorous to ensure transparency and merit.
Initial applications underwent AI-enabled screening to check for eligibility, followed by human validation and a high-level committee review involving experts from the investment community, academia, and the government.
These finalists are now one step away from accessing up to ₦50 million in equity-free funding, a life-changing sum intended to help student-led ventures scale their operations, create jobs, and contribute significantly to Nigeria’s future growth.
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