FG Opens N50m Student Venture Capital Grant — Apply Now

The Federal Ministry of Education, in partnership with the National Skills Council, has officially opened the application portal for the Student Venture Capital Grant (S-VCG), inviting students across Nigeria to apply for equity-free seed funding worth up to N50 million.

According to the Ministry, the programme is designed to support bold and innovative student-led businesses that can contribute to Nigeria’s economic growth. The S-VCG initiative also aims to provide national visibility for promising ideas by maintaining a digital repository where all qualified submissions remain accessible, even if they do not receive funding.

Officials explained that the programme is targeting strong solutions within STEMMS — Science, Technology, Engineering, Mathematics and Medical Sciences. The grant is open to students in all 36 states and the FCT, regardless of whether they attend a public or private tertiary institution.

Free Google Gemini Pro License for Every Applicant

Every student who completes an application will receive a free one-year Google Gemini Pro license, along with premium digital and technical learning resources intended to boost innovation, digital literacy and entrepreneurial skills.

Eligibility Requirements

The Ministry outlined the following conditions for applicants:

• Applicants must be current students of a Nigerian tertiary institution (universities, polytechnics, or colleges of education).
• Team leads must be at least 300 level or its equivalent, but students at any level may join as team members.
• Students may apply individually or as a group.
• Applicants must submit a clear business plan, showing expenditure milestones and measurable KPIs.

How to Apply

Students can submit their business innovation ideas through the official application portal:

➡ https://svcg.education.gov.ng

Applicants are encouraged to prepare their documents early and ensure accuracy, as the programme is expected to attract a large volume of submissions nationwide.