Nigeria Shortlists 65 Students for ₦50m Innovation Grant

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Nigerian government announces $552m HOPE-EDU education funding
Education Minister, Dr. Tunji Alausa

ABUJA, Nigeria – Nigeria’s Federal Government selects 65 student innovators from over 30,000 applicants for the final stage of its ₦50 million Student Venture Capital Grant programme.

Announced by the Ministry of Education under Bola Ahmed Tinubu’s Renewed Hope Agenda, the initiative targets scalable, high-impact ventures.

“The quality and ambition demonstrated… is deeply encouraging,” says Education Minister Maruf Olatunji Alausa.

Launched with the Bank of Industry, the programme offers equity-free funding to startups ready for commercialisation.

Finalists will attend a bootcamp before winners are announced at the UNDP Innovation Hub.

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