FG Opens Application Portal for Student Venture Capital Grant

By Iyojo Ameh

The Federal Government has officially launched the application portal for the Student Venture Capital Grant (S-VCG), an initiative aimed at turning student-led ideas into commercially viable, high-impact ventures.

According to a statement issued by the Director, Press & Public Relations in the Ministry of Education, Boriowa Folashade, the S-VCG is a core component of the Renewed Hope Agenda and is designed to nurture a new generation of Nigerian entrepreneurs capable of reshaping the nation’s economic landscape.

The statement noted that the Minister of Education, Dr. Tunji Alausa, emphasized the national significance of the initiative, describing it as an equity-free seed investment in Nigeria’s future.

Dr. Alausa explained that successful applicants will be integrated into a comprehensive support system that includes intensive incubation programs, expert mentorship from seasoned entrepreneurs and industry leaders, and full access to tools, platforms, and resources necessary for developing and scaling their startups.

He added that this strategic framework ensures that funded ventures are not only established but are fully supported to grow into market-ready enterprises.