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FEDERAL MINISTRY OF EDUCATION PRESS RELEASE 30 March 2026 FG UNVEILS ₦2.5 BILLION BOOST AS 45 STUDENT VENTURES EMERGE WINNERS AT 2026 S-VCG BOOTCAMP The Federal Government has awarded ₦2.5 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, Lagos, following a rigorous selection process involving 65 finalists. Delivering the keynote address, the Honourable Minister of Education, Maruf Tunji Alausa, reaffirmed the Federal Government’s commitment to transforming tertiary institutions into hubs of innovation, entrepreneurship and practical problem-solving in line with the Renewed Hope Agenda of Bola Ahmed Tinubu. He noted that beneficiaries can access up to ₦50 million in equity-free funding, alongside mentorship, incubation support and digital tools, highlighting over 30,000 applications from 404 institutions as evidence of Nigeria’s growing innovation capacity. The Honourable Minister of Communications and Digital Economy, Bosun Tijani, emphasised the importance of digital innovation, while Suwaiba Said Ahmad commended the finalists’ resilience and creativity. Stakeholders, including Muntari Dandutse and Elsie Attafuah, called for sustained investment in youth-driven innovation. The Ministry reaffirmed its commitment to nurturing student entrepreneurs and building a pipeline of innovators to drive Nigeria’s economic growth. Boriowo Folasade Director, Press and Public Relations

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