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The Federal Government has awarded N2.5 billion in grants to 45 outstanding student ventures at the 2026 Student Venture Capital Grant S-VCG Bootcamp and Awards, held at the UNDP Innovation Hub in Lagos.
The winners were selected from a pool of 65 finalists after a rigorous screening process, according to a statement shared on the Federal Ministry of Education’s official page.
Speaking at the event, the Minister of Education Maruf Tunji Alausa, said the initiative reflects the government’s commitment to turning tertiary institutions into hubs of innovation, entrepreneurship and practical problem solving as part of the Renewed Hope Agenda of President Bola Ahmed Tinubu.
“Beneficiaries can access up to ₦50 million in equity-free funding, alongside mentorship, incubation support and digital tools. With over 30,000 applications from 404 institutions,” Alausa said.
According to the statement, the Minister of Communications and Digital Economy Bosun Tijani, highlighted the role of digital innovation in shaping future businesses, while Suwaiba Said Ahmad praised the finalists for their creativity and determination.
Other stakeholders, including Muntari Dandutse and Elsie Attafuah, urged continued investment in youth-driven innovation to sustain momentum and support the country’s economic growth.
FG awards N2.5bn to 45 student ventures at 2026 S-VCG Bootcamp in Lagos
