Nigeria launches ₦50m VC grant to turn student ideas into scalable ventures
- The Nigerian government has opened applications for a ₦50 million equity-free venture capital fund for student innovators.
- The initiative is part of the Student Venture Capital Grant (S-VCG) aimed at cultivating tech-driven entrepreneurship.
- Selected student founders will receive equity-free funding, mentorship, and access to modern technology tools.
The S-VCG initiative represents a significant step towards empowering young innovators in Nigeria, potentially transforming the entrepreneurial landscape. However, its success will depend on effective execution and sustained support beyond funding, particularly in mentorship and infrastructure.
