The Federal Government is set to unveil the Sciences, Technology, Engineering, Mathematics, and Medical Sciences Student Venture Capital Grant (S-VCG).
Spokesperson of the Ministry of Education, Folasade Boriowo, disclosed this in a statement on Friday.
Boriowo said the programme was a pioneering initiative designed to empower students in Nigeria’s tertiary institutions to build the next generation of scalable, job-creating ventures.
She said it was part of the current administration’s efforts to stimulate innovation, entrepreneurship, and economic transformation.
Also referred to as the “STEMM Up Grant,” the initiative will be formally unveiled in August by the Minister of Education, Tunji Alausa.
She said the initiative was disclosed during a stakeholder engagement session held in Abuja that had in attendance vice chancellors, provosts, rectors, student leaders, academic staff, and development partners to chart a collective course for nurturing student-led innovation.
The statement explained that the initiative would be implemented in partnership with the Bank of Industry (BOI) to ensure financial transparency, impact measurement, and effective project execution.
“S-VCG is not just a grant. It’s a launchpad for bold, young innovators to lead Nigeria’s industrial and technological transformation. We are giving our students the tools to dream, build, and scale solutions that solve real-world problems — from tech and medicine to agriculture and green energy,” the statement read in part.
The grant targets full-time undergraduate students in STEMM disciplines (Science, Technology, Engineering, Mathematics, and Medical Sciences), specifically those in their 300-level and above.
